Do you like the IRS well enough to leave it your ranch or farm? Not likely, but if you don't plan your estate, your operation may be sold to raise cash to pay estate taxes. Few ranchers accumulate a cash nest egg large enough to take care of estate taxes. Most ranchers leave an estate that consists of 1 major asset - their ranch. "There's a great truth to the saying that ranchers and farmers live poor and die rich," says John Sloan, a ranch real estate broker in Casper, WY, "The value is in their land."
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