A bare trust is a trust relationship characterized by the following hallmarks: The trustee holds legal title to property and has no other powers, duties or responsibilities in relation to the trust property. The settlor is the sole beneficiary of the bare trust and retains the right to control and direct the trustee in all […] Read more
Tag Archives estate planning — page 2
Set a landmark on the horizon to guide land acquisition
There are many tax incentives for farmers owning farmland including the lifetime capital gains exemption and the intergenerational rollover of farmland to a child or grandchild. Both can save or defer significant tax but require the land be owned personally for maximum flexibility.
Estate planning is about more than just writing a will
It is important to recognize that estate planning is about more than just making a will. There are actually a number of factors that go into the creation of a successful plan.
