|
| Well.. What you call a conglomerate, I saw as a 3rd generation farm passing to a 4th generation... Its something everyone who is building a family business now has the potential to reach someday with wisdom, luck and good management.
I agree as well with your statement though. But with people complaining about estate taxes.. Estate taxes are irrelevant if there is 1 quarter being split up by 5 siblings. That will rip apart more farms than the estate tax would on operations only slightly larger with 1-2 heirs.
How do you expect people who want to be 'fair' to their children and pass on 1 quarter and split it 5 ways and not have their be some problems/likely sale with that?
That seems to have little to do with estate taxes to me. and like I have mentioned, most of these estates we are referring to will be probably 5m or so of land and probably 1-2m of buildings, storage, etc.
| |
|
|
Thoughts on all the talk/complaining about taxes/estate tax on here.
