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.cap033.

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.

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