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Daily Archives:Wednesday, February 20, 2013

New Law Helps Estate Planning For Farmers In Florida

February 20, 2013

The recent bill which was designed to avoid what was termed as the ‘fiscal cliff’ made significant changes to the tax policies in the U.S. Many people in Florida who were concerned with estate planning were watching to see if there would be any changes in the way estates are taxed. The American Taxpayer Relief Act has benefited farmers because it extends the same tax rates which had already been in place.

The legislation is especially advantageous for farmers who usually have a large amount of assets in their estates that they plan to leave to their heirs in order to continue their family farm businesses….