You owe it to yourself to attend a meeting about farm estate planning, also known as farm succession planning, and tax issues before the winter is over. Especially if you haven't already put a good estate succession plan in place, today is not too soon to do so, most attorneys say. That way your relatives will have a say in what happens to your farm and property, not just the state.
And tax laws continue to evolve, especially pertaining to agriculture. As you map out strategies for 2012, tax changes may affect how you want to carry out your plans to reach your goals. No pone knows for sure what Congress or the IRS will do with tax laws, but now is the time to think about what your options might be for 2012 business, for taxes payable in 2012.
You can get information on both topics at once if you live in northeastern Indiana by attending a seminar on 2012 Farm Succession Planning and Tax Planning. Best part of all is that this seminar is free!
It's sponsored primarily by John J. Schwarz II, a practicing attorney who specializes in ag law, and especially estate planning. His articles on legal issues frequently appear in Indiana Prairie Farmer magazine. This spring, he will write a new two-part series on estate planning after the most recent changes in laws Congress has made, and how it could affect your options in your operation.
This meeting will be held on February 21 at 6 p.m. in the auditorium at East Noble High School. The High School is located near Kendallville in Noble County.Reservations are requested if you plan to attend. You can call 260-351-4440 to let them know that you're planning to attend.