Areas of Expertise  •  01

Estate Planning

For farm families and family-owned operations, estate planning is how the ground your parents and grandparents worked stays in your family name for the next generation.

Overview

Keep the Operation in the Family.

Every acre of farmland, every head of livestock, every piece of equipment in the shed represents decades of labor and discipline. Without a written plan, the federal estate tax, probate costs, and family disagreements will chip away at what took three generations to build.

At True Legacy Inc, we build estate plans for farm families and family-business owners who want the operation to outlive them. We work alongside your attorney, your CPA, and your lender to design a transfer plan with the next generation in mind from day one.

"A strong estate plan means the sign over the barn still carries your name fifty years from now."

Our approach looks at the full picture of your estate. Farmland, machinery, livestock, grain in storage, rental properties, buy-sell interests, retirement accounts, and life insurance are each structured so the operation transfers smoothly to the heirs running the business, while non-farming heirs are treated fairly.

What We Address

Six Pillars of a Farm-Family Estate Plan

01

Farmland & Real Estate Transfer

Structure ownership of the home quarter, the rented ground, and recreational land through trusts, LLCs, or partnerships so the land moves to the right heirs with minimum tax friction.

02

Estate Tax Minimization

With land values where they are today, even a mid-size operation trips the federal estate tax threshold. We use gifting strategies, valuation discounts, and irrevocable trusts to shrink the taxable estate.

03

Heir Equalization

One child works the farm. The others moved off. A well-designed plan treats every child fairly without forcing the operating heir to sell ground or equipment to buy out siblings.

04

Liquidity at Death

Farm estates are land-rich and cash-poor. Life insurance inside an irrevocable trust provides the tax-free cash to pay estate taxes, settle debts, and fund buyouts without selling ground.

05

Long-Term Illness Planning

A stroke, a long nursing-home stay, or a lengthy illness will drain an operation fast. We build long-term care funding into the plan so health costs do not force a sale.

06

Charitable & Legacy Giving

Charitable trusts, donor-advised funds, and gifts of appreciated farmland lower the tax bill while funding the church, the FFA chapter, or the community hospital you want to support.

Why It Matters

The Farm You Built Deserves a Plan.

The USDA reports fewer than 40 percent of farm families have a written succession plan in place. When the unexpected happens, the operation ends up in probate, heirs end up in disagreement, and too often the land ends up sold.

You have worked too hard for that. A proper estate plan gives you control over who gets the ground, who runs the operation, and how the wealth you built moves to the generations behind you.

Our promise is simple. We coordinate with your full team of advisors, we use custom strategies built for your family and your operation, and we stay with you as the business and the tax code evolve.

Start the Conversation

Protect the Ground for the Next Generation.

Schedule a complimentary review of your estate plan. We will look at your farmland, your operating business, and your family goals, and show you where the gaps are.

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Disclosures

Financial Strategies Group, LLC is not a legal or tax advisor. This communication may contain federal tax information which is not a covered opinion as defined by Circular 230 and is limited to the federal tax issues addressed herein. Additional issues may exist that affect the federal tax treatment of the transaction. The communication was not intended or written to be used, and cannot be used, or relied on, by the taxpayer, to avoid federal tax penalties. Please consult with your legal, accounting, or other tax advisor prior to taking any action. Securities offered through The Leaders Group, Inc. Member FINRA/SIPC 26 W. Dry Creek Circle, Suite 575, Littleton, CO 80120, 303-797-9080. FSG is not affiliated with The Leaders Group, Inc.  BrokerCheck  •  Conflicts & Disclosures  •  Client Relationship Summary