Agricultural Economics Department
Date of this Version
5-9-2024
Document Type
Article
Citation
Groskopf, J. “Ideas For Estate and Transition Planning: Gift Leaseback.” CAP Series 24-0501, Center for Agricultural Profitability, University of Nebraska-Lincoln, May 8, 2024. DOI: 10.32873/unl.dc.cap032.
Abstract
Simply gifting assets helps reduce estate value and potential taxes for the owners and increase the wealth of the heirs. However, some families are hesitant to engage in gifting strategies because the farm or the ranch needs access to those assets to remain viable. This article expands on gifting strategies by combining gifts with a lease agreement.