Estate Planning for Farm and Ranch Families Facing Long-Term Health Care
By: Roger A. McEowen
Quite often an important planning goal for farmers and ranchers is to transfer the farming or ranching operation intact to the next generation. However, the cost of long-term health care is high, especifally for those facing long-term health care. As a result, avoidance of an unnecessary depletion of operating assets as well as sale of the land to pay for long-term health care may become a primary objective for private landowners.
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