Pathfinder Legacy

Ep. 14 - Appraisals, Gift Taxes & Title Work: Don't Skip the Paper Trail


Listen Later

When you sell the farm to family at a discount or over time, the paperwork matters more than the handshake. Host Heidi Olsen and attorney Brittany Faust (Neff Law) explain why you should get a real appraisal, file gift tax returns when selling below fair market value, and record/clean up title work so heirs aren't blindsided later. They cover IRS risks (imputed interest/income, penalties), how contracts for deed can spread capital gains and retirement income, deed-recording/escrow best practices, and the role of a CPA, attorney, and financial advisor in a clean transfer. If you want the land to stay in the family—and the family to stay intact—start by documenting everything.

For guides, checklists, and planning tools to help you navigate life's financial decisions with clarity and confidence, visit:

https://pathfinderlegacy.com/resources/

...more
View all episodesView all episodes
Download on the App Store

Pathfinder LegacyBy Heidi Olson