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Estate Taxes
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<blockquote data-quote="Frankie" data-source="post: 177003" data-attributes="member: 13"><p>Our place is family property. I grew up on it and was able to buy their portion from my two sisters. By putting the land into her children's names and setting her investments up as joint accounts, my mother didn't leave an estate large enough to be taxable. There are many ways to avoid those taxes.</p><p></p><p>I thought it was funny one year when we heard a hog farmer (I think from Nebraska) telling us that the "family farm" was doomed if we didn't get that estate tax repealed. His farm had grown to supporting him, three sons, a daughter and their families. He was hoping that he could continue to grow and his grandchildren could stay on the "family farm." I don't know a lot about hog farming, but I'd think to get to the size that it can support five families, some other people's "family farms" were bought out.</p></blockquote><p></p>
[QUOTE="Frankie, post: 177003, member: 13"] Our place is family property. I grew up on it and was able to buy their portion from my two sisters. By putting the land into her children's names and setting her investments up as joint accounts, my mother didn't leave an estate large enough to be taxable. There are many ways to avoid those taxes. I thought it was funny one year when we heard a hog farmer (I think from Nebraska) telling us that the "family farm" was doomed if we didn't get that estate tax repealed. His farm had grown to supporting him, three sons, a daughter and their families. He was hoping that he could continue to grow and his grandchildren could stay on the "family farm." I don't know a lot about hog farming, but I'd think to get to the size that it can support five families, some other people's "family farms" were bought out. [/QUOTE]
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