The Profitable Steward

Ep. 81 Estate Planning for Farmers and Ranchers: How to Protect Your Family, Land, and Legacy

Jared Sorensen Season 1 Episode 81

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Estate planning doesn’t have to be overwhelming, but avoiding it can be costly.

In this episode of the Profitable Steward, Jared Sorensen sits down with estate planning attorney Brandon Dean Rains for a practical, plain-language conversation about how farm and ranch families can protect their land, their family relationships, and their legacy.

Together, they cover:

  • When and why to form LLCs for farms and ranches
  • How asset protection really works in agriculture
  • The difference between a will and a trust
  • How to think about guardianship for young children
  • Succession planning when kids are still young
  • Life insurance as a tool for keeping the ranch intact
  • Common estate planning mistakes and how to avoid them
  • Why communication matters more than documents

This episode is especially valuable for farmers and ranchers entering 2026 who want to stop postponing hard conversations and start building a plan that serves future generations.