We have three kids with one son farming. We own 1.4(11) acres that are about 40% financed. We almost updated our basic willslast year, but we waited to see what Congress would do with the tax law proposals. Things look better now, but I’m still worried about estate taxes. Some farms around us are selling for 40% more than just a few years ago. It’s crazy what that does to our net worth, especially as we pay down debt. I’m hoping a new Congress will extend the sunsetting estate tax laws or even make them permanent. I don’t want to redo our plan if tax laws change. Should we just wait until after midterm elections?
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