Thursday, January 26, 2023
Article: Estate Planning for Ranch Owners
Tanya Feinlieib (Langley & Banack) recently published an article, Estate Planning for Ranch Owners, 15 Est. Plan. & Comm. Prop. L.J. , 2023. Provided below is an introduction to the article:
One of the threshold questions in planning for a ranch is whether the owner intends the ranch be passed on to subsequent generations in perpetuity. While many Texas ranches are multi-generational family legacies, recreational rural properties for high-net-worth individuals are also quite common and may not hold any specific sentimental value for the owner of his or her descendants. In the latter case, the owner may expect the ranch to be liquidated during his or her lifetime or shortly after his or her death.