With a valid pre-nup, farming interests can be designated as the separate property of the spouse who inherited such interest. Learn more about pre-nups.
Are you making these mistakes? How often should you look at your estate plan with your lawyer? What happens if your estate plan does not keep up with new laws?
What is contingency planning, and how can it benefit you, your estate, and your heirs? Is your estate plan comprehensive enough to take into account the various events that could occur during your lifetime, including disability or other incapacitation? Do you know who will manage your affairs if you are unable to do so on your own? What can go wrong if you leave your farm to your children in equal shares?