A South Dakota grower says all farmers should meet with their lawyers on upcoming estate tax issues.
Robert Walsh, a district director of the South Dakota Corn Utilization Council, says with the new administration, everyone know taxes are going to go up and there’ll be significant changes in estate planning and tax law, “I think it would be VERY beneficial for every single farmer to go meet with their attorney, update their current estate plan or if you haven’t had one in place go get one immediately.”
Because, he says, exemptions are going to go down.
