Estate Planning Strategies that Help You and Your Family
The estate planning process is confusing. It involves estate tax estimations, beneficiary designations, and lots of legal documents. This is part of why so many people decide to avoid making an estate plan altogether. But if you avoid taking the time to outline how you want your possessions distributed and what assets you’d prefer sold, then settling your estate becomes difficult and time-consuming for your family.
There are ways to make the process easier. It’s all about properly preparing your accounts and assets and having the right people help you. In this article, we’ll talk about the five aspects of a detailed estate plan that will make settling your estate an easy task for your family.
How to Sell Land: The Differences Between Land Types and Sales Techniques
When it comes to selling land, many people aren’t quite sure where to start or how the process works. Some landowners list on the traditional real estate market, others put their land for sale by owner, and still others just accept the first cash offer they get. Although these methods are legitimate ways to sell your land, you’re unlikely to get the best price with them.
To sell for the fair market value of your property, you need to understand how the type of land you own and the sales process you choose can affect your sale. In this article, we’ll teach you about three different types of land—agricultural, residential, and commercial—as well as a step-by-step guide on how to sell your land.
The Absolute Best Way to Sell Farmland
Whether your farm has been handed down by family members for generations or you have put in your own hard work on the land throughout your life to pay for it, you likely have a deep attachment to it. So deciding to sell your farmland can be a tough and emotional decision.
What can seem more confusing is that the sale of farmland is not always cut and dried. However, if you've inherited land and have never had an interest in owning or leasing farmland before, selling your family farmland will likely be your most profitable decision.
Regardless of how you decide to sell land that you've inherited, you need to know how to get the best price for the real estate.
