Don’t Bet the Farm

 

We’ve all heard the term, “don’t bet the farm,” which warns against risking everything you own on something. Farmers and ranchers who neglect to put a proper estate plan in place should take this advice literally, as their heirs may well have to sell the family’s sole income producing asset–in effect “betting the farm”–in order to pay inheritance taxes. Fortunately, there are estate-planning solutions that can prevent this

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