Jessica Groskopf, a Nebraska Extension agricultural economist, discusses one approach to wealth transfer and estate planning within farming families. Jessica has just published the third article in a series that highlights different tactics for bringing family members into the operation.

This episode focues on the concept of combining gifting with lease agreements as a means of transferring assets between generations while ensuring the viability of the farm or ranch. This not only addresses the complexities of estate planning but also maintains the standard of living for all parties involved.

Find more, including the full series of articles, at https://cap.unl.edu/succession/ideas-estate-and-transition-planning-gift-leaseback