Farm & Business Succession Planning
A solid transition plan for your farm or business to the next generation is critical. At JD Legal Planning PLLC, we understand your concerns and can assist you with:
- Entity (LLLP or LLC) creation to begin transferring partial ownership while maintaining control.
- Considerations for non-vested family members who will not participate in the farm or business after your death.
- Protecting your farm from nursing home costs (Life Estate).
- Minimizing estate taxes to your heirs, including the use of the MN Qualified Small Business Property and Qualified Farm Property Deduction.