Jan. 24, 2013
LINCOLN, Neb. — Planning for the Future, a farm estate and transition planning workshop, will be held at the University of Nebraska-Lincoln's Agricultural Research and Development Center located near Mead on Feb. 5. Registration begins at 9 a.m. followed by the workshop from 9:30 a.m.-3:30 p.m.
The workshop offers reliable, useful discussion of business, family and tax issues involved in passing on the family farm or ranch, and the legal tools that are used to address those issues.
Topics include: determining goals, family dynamics and expectations in a business setting, financial viability, the transfer process; estate and gift tax, inheritance tax, efficient methods of transfer, probate, wills, trusts, titling, basis, long-term care, Medicaid, powers of attorney; use of entities.
Dave Goeller, director, UNL North Central Risk Management Center and Beginning Farmer Program coordinator, and Joe Hawbaker, agricultural law attorney, will present the program. They will discuss preparing to make a plan, reviewing existing plans, being a good consumer of legal and estate planning services and what others have done and how their plans have worked.
There is no fee for this workshop, courtesy of the Nebraska Network for Beginning Farmers and Ranchers, the Farm and Ranch Project of Legal Aid of Nebraska, the Risk Management Agency of the USDA, Nebraska Department of Agriculture's Farm Mediation, UNL Extension and Saunders County Independent Bankers Association.
Lunch will be provided compliments of the Saunders County Independent Bankers Association.
To register or for questions call the Rural Response Hotline at 800-464-0258 or contact Keith Glewen, UNL Extension educator at 402-624-8030.
UNL Extension is in the Institute of Agriculture and Natural Resources.Keith Glewen
Sandi Alswager Karstens
IANR News Service