K·Coe Insights: Posts authored by

Jim Rein

Winning at Tax Reform

Winning with Tax Reform – Why You Need to Reevaluate Your Estate Plan in 2018

By Jim Rein | May 31, 2018

Reading Time: 1 minute Exemption for Estate Planning is Ripe for the Picking The Tax Cuts and Jobs Act of 2017 made one significant change for estate planning: it doubled the estate tax exemption through 2026. This change is unique because it has resulted in the highest estate/gift exemption ever allowed (basically double of …

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farm program succession

Preserve Farm Program Payments When Planning for Succession

By Jim Rein | March 16, 2017

Reading Time: 2 minutes With razor-thin profit margins, it’s more important than ever to maximize farm income from all sources. When planning for the succession of ownership of your farm, one of the most commonly overlooked parts of the process is farm program payments. Without the proper structure and forethought, payment limits can be …

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Succession Planning and Estate Planning: The Differences

By Jim Rein | September 15, 2016

Reading Time: 1 minute Succession planning and estate planning are often used interchangeably, but they are different. Succession planning refers to the overall plan that prepares you, your family and your property for a change in ownership and leadership. It’s a forward-looking, comprehensive plan that primes you to transition out of the farm while …

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Common Succession-Planning Triggers

By Jim Rein | August 10, 2016

Reading Time: 2 minutes Various triggers spur people to start thinking about their farm’s future: a death in the family, approaching retirement age, the next generation nearing management level. But the three most common issues that motivate succession planning involve: 1. Dealing fairly with the needs of children who work on the farm versus …

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