The time will eventually come when each one's estate will be transferred to another person or persons. No one knows exactly when that time will be, but it is often assumed that it will be later rather than sooner.
Many Americans have experienced considerable fluctuation in their net worth during recent months. People who had invested in stocks through 401k accounts or IRAs watched values melt away during much of 2008 and early 2009.
Ill-advised or misguided action or complete inaction may allow taxes and probate to take a large portion of your estate and allow someone else to determine how your estate is distributed.
This publication is specifically designed to help agricultural producers determine the financial condition of their operation at a certain point in time. It provides guidelines, definitions and...