Ideas for Estate and Transition Planning: Life Insurance Backed Buy-Sell Agreement
October 11, 2024
This article discusses how farm and ranch families can use a life insurance policy to ensure liquidity for on-farm heirs who must buy out siblings' shares upon a parent's death.
Ideas for Estate and Transition Planning: Life Insurance for Debt Coverage
September 26, 2024
This article highlights the importance of life insurance for farmers and ranchers in estate planning to cover debt, ensuring liabilities are paid off upon death.
Ideas for Estate and Transition Planning: Life Insurance
September 20, 2024
Life insurance can be a valuable tool for farm families, offering tax-free death benefits if structured properly. This article outlines the types of life insurance and their roles in debt coverage, estate equalization and income replacement.