Max Armstrong shares insight on farm transfer, which he says has come up during several on-farm visits. Max shares insight from Tom Halbach, a Wisconsin lawyer, who says a simple way to transfer other assets is to gift the assets. The idea is to consider making a gift to children or others. Max explores the details, rules and limits including the annual gift exclusion amount.
Related: Consider gifting farm assets to next generation
Max Armstrong’s Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Max Armstrong, veteran farm broadcaster…
