Trusts
There are two kinds of trusts that are commonly seen in the farmland industry. There is the revocable or family trust and there's the irrevocable trust.
The revocable or family trust is were usually you or a family member is the trustee.
A irrevocable trust usually involves a corporate trustee. I will go into different kinds of corporate trusts you can set up and what is best for you in future posts.
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