University of Maryland Extension

Estate Planning

Estate Planning is the process of managing an individual's asset base in one’s lifetime, at death or after death. Estate planning includes the legacy of transferring land and other assets to heirs and the settlement of estate taxes, while attempting to eliminate uncertainties over administration of the assets and to maximize the value of the estate. The sooner farm and ranch families begin the process, the more satisfying the outcomes will be.

Links and information below

What is Estate Planning? - Feb. 26, 2013

Major Tax Considerations when Transferring Assets - Feb. 26, 2013

Estate Planning Tools - March 12, 2013

Succession Planning - March 12, 2013

2014 Estate Planning For Farm Families (Fact Sheet)

Choosing Your Will and Estate Planning Attorney (Fact Sheet 925)

Straight Talk About Farm Transfer: Resources to Help You with the Process

The Farm Transfer: Talking and Planning with Your Family

What Are My Highest Values?


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