Indiana's Premier Family Farm Succession & Estate Planning Firm
Planning the line of succession for your family farm isn’t something to take lightly. For decades, your family has been operating the land and building a business with heart, sweat, and tears. Now, it’s time to protect it with the proper family farm succession and estate planning from Boring & Taylor.
Because the Boring + Taylor farm has been in the family for over a century, we’ve been through the process of inheriting it and making sure it’s set up for success for future generations. But this takes careful planning and legal knowledge that only working with the finest in Central Indiana will get you.
How can Boring + Taylor’s estate planning practice help you?
At Boring + Taylor, you receive the experience of a larger practice for the price and personal devotion of a smaller law firm. They represent individuals, families, family farms, and businesses in the New Palestine and Central Indiana areas providing a full range of estate planning services, including:
- Preparation and administration of estate plans
- Estate tax planning
- Probate proceedings
- Long-term care for elders
- Asset protection
- Business formation
- Real estate
- Wills and trusts
- Living wills
- Powers of attorney
- Appointment of healthcare representative
- Business succession
- Family farm succession planning
A Farm Succession Plan Explained
A farm succession plan is the process of passing the ownership of your farm to another individual, usually to the next generation of the family. With our expert family farm succession and business planning, Boring + Taylor can make this transfer as smooth as possible. It also means you don’t have to worry about the future of your farm.
As part of your family farm succession planning, we’ll help you answer pivotal questions, such as:
- Do I have one or multiple heirs?
- If multiple, what is the split between those who are farmers/ranchers and non-farmers/ranchers?
- If there are multiple heirs who want to farm the land, would they be able to work well together?
- How might increasing the number of heirs affect my family farm succession plan?
We will also help you make decisions about farming assets like machinery, livestock, feed, and land usage. You can also set up how much land you wish to gift family members, even prior to your succession plans kicking in.
Why Boring + Taylor?
For over a century, the Boring family has been farming the same land located just outside of Indianapolis. Their agribusiness has been passed down through six generations, so we know what it takes to run, operate, and pass down a family farm. As the receivers of these 80 acres, Gary Boring (Founder) and his son, Mike Boring (Partner), understand the importance of estate planning and business succession—especially when it comes to family-owned businesses.
Boring + Taylor understands
Boring + Taylor’s lawyers are well-established in the legal world, with more than 75 years of combined experience in the New Palestine and Indianapolis areas. They have the background and personal understanding needed to provide general succession and estate planning, as well as various agricultural business services. With a combination of experience and compassion, they adhere to your unique needs and help resolve even the most complex of estate planning legal matters.