
Estate planning part 1: What every farm family needs to know
Estate planning can be easy to put off. But when there is no plan in place, state law may end up deciding who handles your affairs, who receives your property, and what happens to the farm.In this episode of Straight Talk with NDFB, the Harvesting Legal Knowledge series continues with NDFB CEO Jeffrey Missling and Ohnstad Twichell attorneys Tiffany Findlay and Jenna McPherson.The conversation breaks down the basics of estate planning, including wills, powers of attorney, and healthcare directives. The attorneys explain why these documents matter, what can happen when someone dies without them, and why a spouse may not automatically have the legal authority to make financial or medical decisions.They also discuss how farmland and other real estate can be transferred, the differences between life estate deeds and transfer-on-death deeds, and when trusts, gifting, estate taxes, or probate may come into play.Watch the entire episode on our Harvesting Legal Knowledge page here.Contact our host Emmery Mehlhoff at emmery@ndfb.orgDisclaimer: The statements made and information provided in this podcast are for educational and informational purposes only. The statements do not constitute legal advice, nor are they intended to create an attorney-client relationship. Every situation is unique, so you should not rely on any statements in this podcast as a substitute for personalized legal counsel. Before taking action or making any decisions that may affect your legal rights and obligations, you should consult with an attorney licensed in your jurisdiction.










