Estate planning for farmers: federal farm program payments

Article Abstract:

Estate planners should carefully time the distribution of an estate where federal farm program payments are at stake. The federal farm program provides price and income supports through specific programs. These programs are subject to very complex rules limiting payments to individuals and entities actively engaged in farming operations. Estate planners should familiarize themselves with these rules to ensure the maximum payments allowable after deaths of members of farming operations.

United States, Agricultural subsidies, Farmers

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How charitable trusts can avoid unrelated business income

Article Abstract:

Estate planners should consider unrelated business income (UBI) when planning charitable trusts. Any business or trade which is unrelated to the exempt purpose of the trust would qualify as UBI and could trigger taxation of the entire income of the trust. Types of income which may fall under UBI include interest, royalty, rent, payments for realty rent or services, working interests, partnership and debt-financed income.

Analysis, Charitable remainder trusts, Unrelated business income tax

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