For more than 75 years, clients have trusted Gislason & Hunter LLP with their business and personal matters. Many of those clients are farm families who want to pass their land and wealth to the next generation.
Many laws firms offer affordable estate planning services, but our rural roots set us apart in creating succession plans and estate planning documents for farm estates. We have an in-depth understanding of the business of farming, agricultural real estate and related matters. We also bring small-town sensibilities to these complex and important legal matters.
Estate Planning And Family Farm Succession
With offices in New Ulm, Mankato, Minneapolis and Des Moines, our farm estate planning and succession planning attorneys welcome families throughout Minnesota and Iowa. Whether you are starting from scratch or updating your plans, we can address basic estate planning and the special considerations for farming families:
- Drafting a clear and detailed will to declare who inherits
- Power of attorney to turn over the reins of the farm in the event of accident or incapacity
- A living will and health care power of attorney
- Valuation and depreciation of farmland and farm equipment
- Transfer of farmland
- Trusts and gifting strategies to transfer family wealth
- Medicaid and elder law planning
Rather than a cookie-cutter approach, we devote the time to get to know our clients and understand their goals and values. Rather than generic forms, we individualize your estate planning documents and succession strategies to minimize estate and gift taxes and provide a smooth and predictable transition from one generation to the next.
Farm Estate Administration ("Probate")
We also provide probate and estate administration services. Many times, we represent appointed heirs who have left the farming life and need help sorting out the business and farmland issues of Mom and Dad's estate. We also handle litigation, arbitration and mediation of estate-related disputes, from disagreement over valuation, distribution or partition of farm assets to legal challenges over validity of the will or breach of fiduciary duty.
To discuss your estate plans and farm succession with our experienced lawyers, call Gislason & Hunter at 507-354-3111 or contact us online to schedule a consultation.
Gislason & Hunter LLP attorneys who practice in this area of law include: