Should We Sell The Farm?
We get it. If you’re considering selling the farm, it’s one of the toughest decisions you’ll ever make. We’ll guide you through the planning process to help you make sure you’re not paying too much in taxes.
Should you sell the farm?
Running the farm is hard work. And after decades of taking care of your land, you might be thinking it’s time to retire without the worries of continued property ownership. Once you come to terms with the emotional implications of selling, you’re hit with another realization: how much you might pay in taxes.
You’ve worked hard all your life, and we want to help you put those dollars to work for you by utilizing a strategy that defers or potentially reduces capital gains taxes when selling your farm or land. More good news? Our strategy can help turn your property sale proceeds into payments that work best for your family.
Transitioning into full retirement sounds good, but doesn’t it sound even better when you can do it in a way that can potentially lessen your tax burden?
“In my experience, the farm basically becomes another member of the family, so I understand the emotions behind making the decision to sell it. That’s why I focus on helping you walk through the planning process—it’s how I grew up.”
Meet Levi, a Kansas native who understands what it’s like to own a farm.
Levi K. Huncovsky, Owner
Levi is the youngest child of a close-knit family. Growing up, he lived in many rural areas learning the ethics and values of hard work that he still uses today.
As owner of L&L Advisors, it’s Levi’s firm belief relationships should be built on integrity, ethics, and communication. He focuses on building and customizing wealth management and insurance plans for individuals and businesses. His goal is to protect and preserve his clients’ wealth, and provide them with an income in retirement. L&L Advisors believes in using tax-efficient strategies and customized plans for clients to help their budgets and minimize out-of-pocket expenses.
When Levi isn’t helping folks with their wealth management and insurance needs, he enjoys spending time with his wife and two daughters, hunting, fishing, boating, and working on his farm.
Contact us today to find out more.
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Licensed Insurance Professional. Respond and learn how life insurance and annuities can be used in various planning strategies for retirement. This material has been prepared for informational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice. The information contained herein is based on our understanding of current tax law. The tax and legislative information may be subject to change and different interpretations. We recommend that you seek professional legal advice for applicability to your personal situation.
Levi Huncovsky
717 Roach St, Salina, KS 67401
Levi Huncovsky and Tony Jennings offer Advisory Services through CreativeOne Wealth, LLC a Registered Investment Advisor.
L&L Advisors, Inc. is not affiliated with CreativeOne Wealth, LLC.