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Cap Gains Tax Precludes Farmers from Passing Torch

October 29, 2012
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WASHINGTON, D.C., September 20, 2012 – The American Farm Bureau Federation today urged Congress to reform the capital gains tax because of its detriment to young and beginning farmers. In a statement submitted to the House Ways and Means and Senate Finance Committees’ joint hearing on tax reform, AFBF said the cumbersome tax makes it…

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Selling Your Business to Family

October 22, 2012
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This month we are discussing small businesses and the tax implications of transferring a family-owned business to another family member. So – what is special about selling your business to family? Certain financing methods available When you are considering selling your business, you may have possible buyers within your own family. You may want to…

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Frequently Asked Questions – How can I keep my business in the family?

October 8, 2012
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Last week we highlighted a local business, Craven Farm, and the shift from traditional farming to the incorporation of agri-entertainment/agri-tourism. Originally a dairy farm, Craven Farm was purchased by Walt and Lydia Krieger nearly 65 years ago and is owned and operated today by their grandson, Mark Craven. Handing down the family business these days…

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Agri-Entertainment: You Can Bet the Farm On It

October 1, 2012
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Established in 1982, they are considered the Granddaddy of local pumpkin farms and hold the distinction of being the very first pumpkin patch in Snohomish, Washington. Craven Farm, located between Lord’s Hill and the Snohomish River spans 70 acres and is comprised of pumpkins, corn maze, barns, farm animals, and Farmer Mark Craven. Originally a…

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Calculate and Graph Your Life Insurance Needs

September 25, 2012
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This worksheet is designed to quickly estimate the amount of life insurance protection you should have in place to meet survivor needs. It generates a graph that compares total cash need with current liquid assets and life insurance coverage available. It also generates a pie chart itemizing total cash need. Simply enter an amount for…

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Frequently Asked Questions – Why Do Women Need Life Insurance?

September 11, 2012
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Today, women have more financial responsibilities than ever before. How will your family or loved ones manage financially if you die? Whether you are single, married, employed, or a stay-at-home mom, you probably need life insurance. At the very least, life insurance can help pay for the costs of funeral and burial services, estate administration,…

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September Is National Life Insurance Awareness Month

September 4, 2012
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Congress has proclaimed September “National Life Insurance Awareness Month,” and most states are making similar proclamations. More than 100 insurance companies and industry trade groups are expected to participate in the National Life Insurance Awareness Month campaign. While many Americans recognize that it is important to protect loved ones with life insurance, far too many…

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Explaining the "Fiscal Cliff"

August 28, 2012
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What is the “fiscal cliff”? It’s the term being used by many to describe the unique combination of tax increases and spending cuts scheduled to go into effect on January 1, 2013. The ominous term reflects the belief by some that, taken together, higher taxes and decreased spending at the levels prescribed have the potential…

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Frequently Asked Questions – I'm marrying someone with bad credit. How will this affect me?

August 21, 2012
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Answer:  You are not responsible for your future spouse’s bad credit or debt, unless you choose to take it on by getting a loan together to pay off the debt. However, your future spouse’s credit problems can prevent you from getting credit as a couple after you’re married. Even if you’ve had spotless credit, you…

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Financial Perspectives for Women

August 14, 2012
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Today, women have more opportunities to achieve financial success than ever before. However, it’s a fact that women often face obstacles that their male counterparts don’t. It’s important to recognize and account for these challenges. For more information, watch the short video clip below regarding these challenges and other potential financial setbacks. Financial Perspectives: Understanding…

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