Cattlemen chew over being ‘land rich and cash poor’
Bruce W. Stroup, LUTCF, MBA of Platinum Wealth Solutions of Texas explains the current estate tax rate to members of the South Central Texas Independent Cattlemen’s Association at the chapter’s quarterly meeting Oct. 23 in Falls City.
FALLS CITY -- As the nations waits for the repercussions of “Taxmageddon” -- a one-year $494 billion tax increase slated to affect the U.S. economy, including the expiration of tax policies and the beginning of major tax increases associated with ObamaCare -- cattlemen were briefed on changes with the current estate tax exemption level and rate that expire Dec. 31. Cattlemen attending the Oct. 23 South Central Texas Independent Cattlemen’s Association chapter’s quarterly meeting in Falls City received insight to prepare for the future via estate planning. . . .