What requirements must be met?
• The land must have been farmed by the decedent or a member of the decedent’s family at the time of the decedent’s death. • The decedent must have been a citizen or resident of the United States . • The farm must comprise at least 50 percent of the total estate’s adjusted value. • The farm must pass from the decedent to a qualified heir. • At least 25 percent of the value of the estate must consist of farm land that was actively managed for at least five or the last eight years.
