In a special report prepared in conjunction with a presentation at the University of Iowa College of Law’s 2011 Spring Tax Institute, David Repp takes in in-depth look at estate planning considerations for farmers and other landowners. Part 7 of 7 focuses on private annuities and SCINs.

Situations often arise in which successful business persons or otherwise wealthy individuals find their health has deteriorated, resulting in a less than normal life expectancy. The use of private annuities and self canceling installment notes are ways to reduce or even eliminate estate tax liability.