University of Maryland Extension

Farm Transition Taxes and Medicaid Estate Recovery

 

An overview of the new federal estate tax laws, and other related tax issues. Provide examples of how to determine if your farm estate could trigger federal estate tax limits and state's (Maryland and Delaware) gift, estate, and inheritance taxes. This includes what the cost of paying taxes might be or the cost of any income tax that may be paid if the farm is sold instead, and provide examples of legal tools that could be used to help prevent a high tax burden on farm estate heirs.  Then, we will also discuss longterm healthcare and how to avoid the state's recovery for any healthcare assistance.  

Presenter: Kelly Nuckolls, University of Maryland Ag Law

Slides:

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