Yesterday's Tractor Co.
Shop Now View Cart
   Allis Chalmers Case Farmall IH Ford 8N,9N,2N Ford
   Ferguson John Deere Massey Ferguson Minn. Moline Oliver
Classified Ads
Photo Ads
Tractor Parts

Discussion Forums
Project Journals
Tractor Town
Your Stories
Show & Pull Guide
Events Calendar
Hauling Schedule

Tractor Photos
Implement Photos
Vintage Photos
Help Identify
Parts & Pieces
Stuck & Troubled
Vintage Ads
Community Album
Photo Ad Archives

Research & Info
Tractor Registry
Tip of the Day
Safety Cartoons
Tractor Values
Serial Numbers
Tune-Up Guide
Paint Codes
List Prices
Production Nbrs
Tune-Up Specs
Torque Values
3-Point Specs

Tractor Games
Just For Kids
Virtual Show
Museum Guide
Memorial Page
Feedback Form

Yesterday's Tractors Facebook Page

Related Sites
Tractor Shed
Ford 8N/9N Club
Today's Tractors
Garden Tractors
Classic Trucks
Kountry Life
Tractor Talk Discussion Forum

Re: Death and Taxes.

[Show Entire Topic]  

Welcome Guest, Log in or Register
Author  [Modern View]

12-12-2012 09:44:43

Report to Moderator

Billy---one method of planning ahead is to create an Irrevocable Life Insurance Trust (ILIT) funded with a life insurance policy for the amount of the potential Estate Tax due at death.

If the tax due is $1,000,000 the land owners heirs would have tax free cash from the life policy to pay the tax, in essence,preserving the farm the family.

Of course, the deceased farm owner would need to have the foresight to buy the life policy before death, be in good enough health to get the policy, and have the money to be able to pay the premium on the policy.

The owner could also sell the farm before he dies, and spend all the money before the kids or the gov. get what's left over after the initial tax hit.


[Log in to Reply]   [No Email]
Billy NY

12-12-2012 10:18:36

Report to Moderator
 Re: Death and Taxes. in reply to 8N'r--WI, 12-12-2012 09:44:43  
This nonsense always gets me "wrinkled" LOL !! But cooler heads prevail, estate planning, well in advance is what needs to be done, like mentioned below.

Now, one can patriotically support our country, serve in the armed forces, be an upstanding citizen, but respectively disagree with what politicians do or propose, that be me, I just do not like how they handle and or manage taxpayer money.

[Log in to Reply]  [No Email]
[Show Entire Topic]     [Options]  [Printer Friendly]  [Posting Help]  [Return to Forum]   [Log in to Reply]

Hop to:

Fast Shipping!  Most of our stocked parts ship within 24 hours (M-Th). Expedited shipping available, just call! Most prices for parts and manuals are below our competitors. Compare our super low shipping rates! We have the parts you need to repair your tractor. We are a company you can trust and have generous return policies. Shop Online Today or call our friendly sales staff toll free (800) 853-2651. [ About Us ]

Home  |  Forums

Copyright © 1997-2016 Yesterday's Tractor Co.

All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy

TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.

Yesterday's Tractors - Antique Tractor Headquarters