[Texas Fossil]

I am not a tax attorney, but I do not believe that is correct.

The current limit on transfer without taxation is somewhere between 1.2-1.5 million.

But that law will expire soon and could be changed by this administration before that. He has already stated that he would reverse Bush’s changes on this. The prior threshold was about $600,000. Have you priced farm or ranch land?

It is a serious concern, and has an impact on the entire population due to cost of food & fiber.

[Alberta's Child]

My understanding is that estate tax law requires land to be valued under its "highest and best use" for estimating the dollar value of the estate in question. Farms, however, have a special provision that allows them to be valued at their current (agricultural) use -- but only if the family continues to operate the farm.