You are welcome to attend a free workshop on business succession and estate planning for farm and ranch owners, families and beginners. The workshop will be held at the Harrison Fire Hall on April 26th. The workshop runs from 10:00 am to 2:00 pm. There is no charge for the workshop. To register (and for questions) call the Rural Response Hotline at 1-800-464-0258. A lunch will be provided.
The workshop is about farm and ranch business succession and family estate planning. It will include a discussion of beginning farmer programs that can aid in succession planning. The workshop should be useful for established farm and ranch owners, for their successors, and for beginners. Topics include: stages of succession planning, contribution & compensation, balancing the interests of on-farm and off-farm heirs; the importance of communication, setting goals, assessing feasibility, and balancing intergenerational expectations and needs; beginning farmer loan and tax credit programs; estate planning goals and issues (incapacity, taxes, asset protection, long term care, feasibility); forms of ownership; transfer tools (wills, titling, trusts); succession planning tools and examples (installment sales, lease and ownership options, preemptive rights, use of entities, buy-sell planning).
Joe Hawbaker, Agricultural Law attorney, with Hawbaker Law Office, Omaha
Dave Goeller, Agricultural Finance and Transition Specialist
This workshop is made possible by the Nebraska Network for Beginning Farmers & Ranchers, the Farm and Ranch Project of Legal Aid of Nebraska, North Central Risk Management Education, National Institute of Food and Agriculture, the Nebraska Department of Agriculture’s Next Gen Program, UNL Extension – Panhandle area. There will be a meal sponsored.