Michael and Laura Thompson, owners of an Iowa farmland portfolio valued at $30 million, faced a dilemma of how to preserve their legacy while managing complex financial challenges. Their wealth included $6 million in cash reserves and leased farmland generating modest returns, reflecting a financial foundation closely tied to their family’s history and agricultural heritage. However, this legacy came with hurdles:

  • A substantial estate tax liability that threatened to force their heirs to sell the farmland
  • A desire to maintain control and income from their assets
  • The need for financial flexibility to seize future opportunities

Recognizing that a one-size-fits-all solution wouldn’t address their unique needs, David Roberts, their financial advisor at
Horizon Wealth Management, worked with Collaborative Insurance Solutions (CIS) to develop a tailored strategy.

Collaborative Insurance Solutions does not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only and should not be relied on for tax, legal, or accounting guidance. Please consult your own tax, legal, and accounting advisors before engaging in any transaction.

  • Founded by Eryka Morehead, CIS exists to solve for the unseen risks that can quietly unravel even the most sophisticated planning. Our role is focused and clear: to design and implement insurance strategies that integrate seamlessly, align with the intent of the plan, and hold up under pressure.