Transferring the Farm Video Series

These videos were made possible with funding from the USDA Risk Management Agency.

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Sunrise Orchards Farm Family Case Study

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Willow Crossing Farm Family Case Study

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North Williston Cattle Company Farm Family Case Study

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Richardson Family Farm Case Study

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Hall and Breen Farm Family Case Study

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Planning for Retirement

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An Introduction to Estate Planning

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Legal Documents Commonly Used in Estate Planning

In this video segment, the following legal documents are addressed:

• Will
• Power of Attorney
• Advance Directive
• Business Agreement

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Probate and Farm Estate Planning

What is probate? An overview of probate and the probate process is covered in this video segment.

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Wills and Transferring the Farm

In this video segment, Virginia Tech attorney Jesse Richardson describes a will which is a tool that:

• expresses your desires,
• names a guardian for minor children, and
• appoints an executor of your estate.

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The Similarities of Wills and Trusts

The similarities and differences between wills and trusts are addressed in this video segments. How each can be used in farm family estate planning are covered.

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Farm Conservation Easements: Advantages, Disadvantages and Steps to Take

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A Look at Trusts

In this segment, attorney Jesse Richardson describes different types of trusts and how they can be used in farm estate planning.

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Financial Viability and Farm Transfer

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Family Farm Business Agreements

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Use of Buy-Sell Agreements in Farm Businesses

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Defining the Business in Farm Business Transition Agreements

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Choosing a Business Entity for Your Farm Business

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The Limited Liability Company (LLC) and the Family Farm

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Types of taxes considered for farm transfer

In this video segment, agricultural economist Bob Parsons describes the types of taxes farm families need to consider when transferring the farm. These include:

• income tax
• self-employment tax
• rental income tax
• capital gains tax, and
• estate tax.

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Fair vs Equal Treatment of Farm Family Heirs

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Divorce and The Family Business

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A Sample Farm Business Transition Plan

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Using Different Ownership Methods to Transition the Farm Business

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Last modified March 04 2013 01:41 PM