Estate Taxes
Family businesses spend a significant amount of timed (median of five years) and money (0.38% of their death) on death planning..

Study of Nearly 1,000 Family Business Owners

D. Are Family Agri-Businesses Different?

  • Table 5 - Future Impact of Estate Taxes
Future estate tax impact: Total (ALL 967 firms) Average among ALL resopnding firms Total (39 AGRICULTURE firms) Average among AGRICULTURE firms
Value of family business $11.5 billion $20.7 million (n=554 of 967) $182.5 million $7.3 million (n=25 of 39)
Total value of estate $30.5 billion $58.7 million (n=519 of 967) $386.3 million $16.1 million (n=24 of 39)
Estate tax life insurance in place $1.7 billion $3.7 million (n=454 of 967) $25.1 million $1.2 million (n=21 of 39)
Estimated pending estate tax liability $1.0 billion $3.6 million (n=290 of 967) $22.1 million $1.6 million (n=14 of 39)
Expected effective estate tax rate - 6.1% - 9.9%
%of sample with estates>$2.5 million 95% (n=491 of 519) - - 88%
(n=21 of 24)
Likely effective estate tax liability* - $8.9 million - $2.4 million
Likely underestimation of estate tax expectations* - $5.3 million - $0.8 million