Estate Planning

Land values have increased significantly over the past decade.  This has large tax implications.  Very costly mistakes are being made by farm families across the corn belt.  It's important for families to update their plans as laws change. 

Legal documents like wills, trusts and powers of attorney are needed.  It's critical to engage an attorney in this part of the process.  We suggest a couple of ideas as you seek an attorney.  First, the attorney must focus their practice in estate planning and they must also understand farming.  There are many strategies available for the farm family so it's important to work with someone who is able to take advantage of the options.  It's also very helpful to have a CPA involved in the process to integrate tax strategy.  Water Street Solutions consults with the professionals you've chosen to help create and implement your unique plan.  We can also help you select the right attorney and CPA, if you need.

About Water Street Solutions

Water Street Solutions helps farmers with profitability, using a business model that you won't find anywhere else. Experts in ag finance, crop insurance, commodity marketing and legacy planning work together on a plan tailored for your farm.

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Disclaimer

All opinions expressed in this website are solely those of Water Street Advisory. Client testimonials are not indicative of future performance or success. There is significant risk of loss involved in commodity futures and options trading and may not be suitable for all investors. You should always consider these risks and evaluate your suitability based on your financial condition.

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