A Plan for When the Farm Outlives You

The Daily Yonder
James Fashing

Today's Farmer Tammy Shafer was widowed a year ago. Since last summer, she's learned a lot about the special problems of estates and estate planning where family farms are involved. There's an old saying about farmers: you're land rich and cash poor. You hold most of your assets in land and equipment. And that situation creates complex problems when it comes to passing on the farm to family.

Tammy Shafer will never forget June 27, 2009, the day that her husband, Roger, died in a pickup accident. The couple had no estate plan or will. Tammy agreed to share her story so that others might learn how to prepare for a similar situation. more... 

Be a Fan