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Four Basic Components of Succession Planning on the Family Homestead

By |2019-02-05T14:57:00+00:00February 5th, 2019|Property Owners, Retirement, The Blog @JGUA|

By Sarah Collier, J.D.   Growing up on a small farm, I know all too well that farmers take pride in their hard work on the farm. It’s those memorable events like three generations working together to build a barn that are the reasons why the farmer wants the family homestead to pass from generation [...]

Timber Basis: A Primer

By |2019-02-07T09:29:34+00:00January 16th, 2019|Property Owners, The Blog @JGUA|

By Nick Jensen, CPA, CFP®   Owning land is a dream for many. It offers a chance to diversify investments while owning a tangible asset that can be enjoyed in many ways. Compared to looking at your investment account statement, there is something viscerally more satisfying about fertilizing your woodlot with your own footprints. Owning and [...]

What is a 1031 Tax Deferred Exchange

By |2019-02-07T09:30:09+00:00January 8th, 2019|Property Owners, Tax Planning & Preparation, The Blog @JGUA|

By Nick Jensen, CPA, CFP®   Are you fortunate enough to own real property that could be sold at a large gain?  Real Estate transactions are a topic we discuss with clients frequently as there are a variety of tax related considerations that require thorough and comprehensive planning strategies in order to ensure that the [...]

New York isn’t Horsing Around Anymore

By |2019-02-13T12:04:53+00:00November 19th, 2018|Property Owners, The Blog @JGUA|

Sarah Collier, J.D.   Do you visit farms for u-pick events and horse lessons? Own and operate agriculture businesses that invite the public onto your land educating them about agriculture? Then this new New York State law may impact you. Just over a year ago New York signed into law The Safety in Agriculture Tourism [...]

New York State STAR Program

By |2018-08-09T13:18:15+00:00August 9th, 2018|Property Owners, Tax Planning & Preparation|

Basic STAR vs. Enhanced STAR: Which one is right for me? By: Nick A. Jensen, CPA, CFP® New York State resident homeowners may receive a property tax exemption called School Tax Relief or STAR program. This program is found in the New York State Real Property Tax Law (RPTL) § 425 and is aimed at [...]