Farm Estate & Succession Planning

Corporate and Personal Succession Planning
Kaitlin Pals advised business and farm owners on all aspects of corporate and personal succession planning, including Minnesota’s recent Qualified Farm Property and Small Business estate tax elections.
Succession Planning for Family Farms
Worked with farm families throughout southern Minnesota in planning for the future transfer of the family farm from generation to generation. Special planning was needed to ensure that older generations can continue to earn a livelihood and be financially supported while transitioning ownership of the farm, and to provide for non-farming children as well as the children who wish to continue to the family business.