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Owning Land

The Importance of Estate Planning for Landowners

February 29, 2024

“One of the first things we talk to [landowners] about when we start looking at a farm is why are you selling? What about your children? What’s your plan to divest this property? If their plan is to leave this to their children, then they need to start talking to us right now,” stated CEO of National Land Realty Ronnie Richardson regarding estate planning earlier this week on RFD-TV.

Richardson discussed the importance of estate planning and the reasons that landowners should start thinking about how they want their property to be passed on to their inheritors now rather than later. He also spoke to the power of a tax attorney in establishing different types of trusts and vehicles to preserve wealth for inheritors, and the ways they can work in conjunction with a Land Professional.

To View the Full Interview, Click Here!

About the Author
National Land Realty specializes in farm, ranch, recreational, timber, country estates, and commercial development properties. We’ve created the world’s best way to buy, sell, lease, and experience land. One seamless hub of knowledge, unprecedented data, and game-changing technology— accessible from anywhere. Our agents offer local expertise, with the support of a national network.