Concurrent Session Onsite and Online
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.
- 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.
NASBA Field of Study
3-5 Years in the Profession