Greg Gentry of Randall, Gentry, and Pike joined Mary Jo Irmen to talk about Estate Planning and Entity Structure on the Farming Without The Bank Facebook page. Below are timestamps to help you quickly find the answers you are looking for. 3:22 – Irrevocable Trusts6:50 – Estate Tax Law & Transfer 10:00 – Land Interest & Future Estate Valuation Formula & What Discounting Means14:20 – Farm Operation Purchase land from a C-Corp & Corporation Entity Structure 15:50 – Tax Responsibilities of Gifting Equipment and Livestock19:50 – Dissolving/Liquidating a C-Corp – Things To Watch Out For20:45 – Entity Structure for Farm Family Operations24:50 – Transferring Assets to an LLC 26:20 – Asset Partitioning and Forced Sale Examples29:10 – Differences between a Contract for Deed and Buy-SellFor More Information about Greg’s Practice: https://lifespanusa.com/
Estate Planning Seminar with Greg Gentry, Attorney & Counsellor at Law
Do you need an Estate Planning crash course? Is your Estate Plan more than 2 years old?Get answers on when to prepare, how to prepare and who to trust with the most important asset that you have.
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