EPISODE · Apr 3, 2025 · 1H 1M
37. Farmland, Family, and the Tax Trap with JR Glenn
from Land & Everything Else · host Dr. Craig Lemoine & Ailie Elmore
Farmland prices are soaring, turning family farms into multi-million dollar estates—but without the cash to cover the taxes. In this must-listen episode, attorney JR Glenn helps break down how estate taxes, especially in states like Illinois, can force farm sales and tear families apart.Learn how to:- Navigate the $4M state vs. $13.9M federal estate tax gap- Use gifting, titling, and trusts to protect the land- Avoid family fallout through better communicationDon't lose the farm to taxes—or silence. Start the conversation now.Connect with us!JR Glenn on LinkedInIllinois Farm Business Farm Management (FBFM)Dr. Craig Lemoine on LinkedInAgriculture Focused Financial PlanningLand & Everything Else YouTube Channel
What this episode covers
Farmland prices are soaring, turning family farms into multi-million dollar estates—but without the cash to cover the taxes. In this must-listen episode, attorney JR Glenn helps break down how estate taxes, especially in states like Illinois, can force farm sales and tear families apart. Learn how to: - Navigate the $4M state vs. $13.9M federal estate tax gap - Use gifting, titling, and trusts to protect the land - Avoid family fallout through better communication Don't lose the farm to taxes...
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37. Farmland, Family, and the Tax Trap with JR Glenn
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