The Essential Guide to Estate Planning for Ranchers and Landowners

The Land Bulletin

Estate planning can feel overwhelming, often lingering on our “to-do” list without a clear starting point. This week, join Hayley as she sits down with Thomas Mecham, a distinguished trust and estate planning attorney from Holland and Hart, to demystify the process and underscore its importance for ranchers and landowners.
In this insightful episode, Thomas explores crucial topics every rancher should consider when planning the future of their estates. He covers the ideal time to begin, strategies for minimizing taxes, and effective tools for transferring assets. Thomas also highlights common pitfalls and avoidable mistakes, ensuring you navigate estate planning with confidence.
With a current window of opportunity for ranchers to save money on asset transfers, Thomas explains why acting now can yield significant long-term benefits. Whether you're curious about estate planning or unsure where to start, this episode is a must-listen for securing your future.
Tune in for expert advice and practical tips to kickstart your estate planning journey.
Topics
[0:00] Intro and Thomas’s Background
[2:56] When to Start Estate Planning?
[6:09] Property Ownership - Some Considerations
[13:08] Tax Exemption and Planning Opportunities
[19:41] Handling Differing Interests Among Heirs
[24:09] Trusts and Multi-generational Planning
[27:24] Should I Sell My Property?
[32:56] Common Estate Planning Mistakes
[39:09] Resources for Estate Planning
Links
Holland & Hart
A Guide to Planning the Future of Your Farm
Iowa State University - Estate and Succession Planning for Farm
Need professional help finding, buying or selling a legacy ranch, contact us:

Mirr Ranch Group

901 Acoma Street

Denver, CO 80204

Phone: [phone]

https://www.MirrRanchGroup.com/

Chapter

1. Intro to Thomas's Background (00:00:00)

2. When to Start Estate Planning? (00:02:56)

3. Property Ownership - Some Considerations (00:06:09)

4. Tax Exemptions and Planning Opportunities (00:13:08)

5. Handling Differing Interests Among Heirs (00:19:41)

6. Trusts and Multi-generational Planning (00:24:09)

7. Should I Sell My Property? (00:27:24)

8. Common Estate Planning Mistakes (00:32:56)