AG2307. Retiring Farmer: Best Strategies for Tax Planning

This session will review the options available to farmers to save on estate taxes. GRATs, IDGTs and SLATs will be reviewed and how they relate to estate taxes. The session will also review how CRATs can help retiring farmers.

Learning Objectives:

• Determine how GRATs, IDGTs, and SLATs can help farm couples save on estate taxes.
• Analyze why CRATs make sense for retiring farmers facing large income tax bills and how it can help them save.