Farm Succession Planning
Family farms are the lifeblood of our rural communities. Help yourself by preparing and planning for the future. We will discuss how you can play a vital role in helping to protect your assets and pass the family farm on to the next generation. This workshop will serve as an introduction to various techniques and tools used in creating an effective Farm Succession or Farm Transition Plan including the following:
- Passing the Family Farm with Zero Tax & Zero Debt
- Acceptable Farm Business Succession Plan and Customized Estate Plan
- Strategies for Saving Estate Taxes
- Strategies for Saving Income Taxes
- Protecting Your Farm from the Risks of a Child’s Divorce or Possible Lawsuit
- Strategies to Transfer the Farm to the Farming Child but still provide Equitably for the Non
Farming Children - Strategies for Keeping the Farm in the Family
- Strategies for Introducing the Farming Child into an Ownership Position and other Transfer
and Succession Ideas - Address Disability Issues; Who will make the Decisions of the Farming Operation
- How to Protect the Family Farm from the Nursing Home
- How to Retire from Farming with Adequate Retirement Income
Speaker:
- Karl Tsuchiya
Karl Tsuchiya is a partner at Hellmuth & Johnson practicing in the areas of Estate Planning, Probate and Trust Administration, Real Estate Law, Landlord/Tenant Law, Homeowners Associations, and Business Formation & Development. Karl strives to build lasting connections with clients built on respect, trust and ease of communication, getting to know you as a person in order to best understand your legal matter. He offers honest, objective, and realistic legal analysis that serves your best interest as his primary concern. He is considerate of your timeline and decision process within the limits of any external factors inherent to your legal matter. He respects your time and money, and works to make his legal advice worth your investment. As your attorney, Karl works to get a thorough understanding of your individual circumstances and legal needs. He is skilled in both big picture and detailed thinking to help
you best manage all aspects of your legal matter. He is efficient without losing personality, and values providing relevant education to deepen your understanding of your legal issue,
helping you make well-informed choices. Prior to joining the firm, Karl worked at a firm in Wayzata for nearly 10 years. Karl received his J.D. from William Mitchell College of Law in St. Paul, MN and his B.A. from Gustavus Adolphus College in St. Peter, MN where he majored in Business. He is licensed to practice in Minnesota State Courts.
