It is prudent to revisit your estate plan every 3-5 years or when there is a major life event (e.g., marriage, divorce, purchase/sale of major assets, bankruptcy, children). Estate planning leads to business planning, which leads to tax planning, which leads to business succession, which should lead to disaster planning, which may lead to federal farm program planning, which should …
Keep Your Pets in Mind with Your Estate Plan
Farms and pets go hand-in-hand. There are three vehicles that can be used to protect your pets (including horses) after you die: 1) Last Will and Testament, 2) Pet Trusts, and 3) Pet Protection Agreement. Last Will and Testament: In New York, pets are considered personal property like a car or a diamond ring. It should be noted that wills …
With Farm Estate Planning, Start With Your Goals
Your objectives will drive the entire estate-planning process, so it is important to clearly articulate your goals. These goals should serve as a guidepost to your estate-planning attorney in helping to formulate the correct game plan. It might not be possible to fully meet all of your goals; therefore, when you meet with your estate-planning lawyer, make sure to emphasize …
So What About a Heifer Lease?
Perhaps you have heard about a bull lease – so what about a heifer lease? Here are a few suggested terms for a heifer lease: 1. Name and address of owner of the heifer (What is the name on the registration paper, if applicable?) 2. Name and address of the lessee (individual or farm name) 3. Name, date of birth, registration number, …
Getting Paid: Alternative Billing Strategies for Food and Agriculture Lawyers
I will be moderating a Roundtable discussion at the American Agriculture Law Association (“AALA”) Annual Meeting in Albuquerque, New Mexico on October 21, 2014 on alternative billing strategies for the food and agriculture lawyer. The Roundtable will also be brought to you by the American Bar Association (“ABA”) General Practice, Solo & Small Firm Division’s Agriculture Law Committee. The Roundtable …
My Food and Agriculture Law Book is now Available on Kindle!
You can now purchase the electronic copy of Field Manual: Legal Guide for New York Farmers and Food Entrepreneurs on Kindle for $9.99 (or $2.99 if you already own the hard copy of the book) here. I don’t own a Kindle but I did download the Kindle application on my iPad. After a quick purchase on Amazon.com, Kindle uploaded it …
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