Property Ownership and Transferring Are Important Features of Your Farm Succession Plan

Simple item page
dc.contributor.authorGoeringer, Paul
dc.date.accessioned2017-07-10T11:36:55Z
dc.date.available2017-07-10T11:36:55Z
dc.date.issued2017-02
dc.description.abstractMany people think an estate plan is just a will, but it is much more than that. Your estate plan will typically include documents and tools to distribute your property according to your wishes following your death. When it comes to transitioning your farm or any family business to the next generation, how property is owned and the property transfers prior to your death can be important features of your succession plan or estate plan. Titling property in a joint tenancy with rights of survivorship allows you to choose who inherits upon your death and to transfer the property outside the will. Transferring property, such as through gifting, allows property to go to the next generation prior to your death and provides control over who gets your property.en_US
dc.identifierhttps://doi.org/10.13016/M2T14TP6R
dc.identifier.urihttp://hdl.handle.net/1903/19589
dc.language.isoen_USen_US
dc.relation.isAvailableAtCollege of Agriculture & Natural Resources
dc.relation.isAvailableAtAgriculture Law Education Initiative
dc.relation.isAvailableAtDigital Repository at the University of Maryland
dc.relation.isAvailableAtUniversity of Maryland (College Park, Md)
dc.relation.ispartofseriesFS;1056
dc.subjectproperty lawen_US
dc.subjectreal propertyen_US
dc.subjectpersonal propertyen_US
dc.subjectgiften_US
dc.subjectjoint tenantsen_US
dc.subjecttenants in commonen_US
dc.subjectfee simpleen_US
dc.titleProperty Ownership and Transferring Are Important Features of Your Farm Succession Planen_US
dc.typeArticleen_US

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
FS1056 property ownership.pdf
Size:
763.85 KB
Format:
Adobe Portable Document Format
Description:
UME FS-1056
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.57 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

ALEI Fact Sheets