For many families, farming is more than just an occupation—it’s a way of life that has been passed down from generation to generation. At Quraishi Law & Wealth, we help farmers with planning that is specific to their business and family.
Estate Planning for Farmers and Ranchers Preserves the Agricultural Way of Life for the Next Generation
We know the risks our clients in agriculture assume — weather, commodity pricing, the impact of government policies, as well as the impact of income and capital gains taxes — have a huge impact on their livelihood. We also know that farming and ranching is much more than a livelihood — it is a way of life. For many of our clients, land represents a legacy that has been carefully assembled and nurtured over several generations. We know that preserving agriculture as a viable lifestyle option for younger generations is something that is important to our clients.
Farmers in Arkansas can reap substantial benefits depending on how they choose to form or incorporate their business.
Retirement can be difficult for farmers, who are often self-employed and own much of their own land and equipment.
It’s never too soon to make plans to protect your family farm from the exorbitant cost of a nursing home. Learn about asset protection trusts here.