|Green and Growing|
|Written by D. Bruce Bosley, CSU Extension Agent/Cropping Systems|
Farm estate workshop offered
A Farm Estate and Transition Planning workshop will be held in Sterling, Monday, April 8 at Logan County Extension Office located at 508 S. 10th Ave., Suite 1.
The workshop offers a discussion of business, family, tax and administrative issues involved in passing on the family farm or ranch, and the legal tools that are used to address those issues.
Some common issues are how to get ready to make a plan, how to review an existing plan, how to be a good consumer of legal and estate planning services and considering what others have done and how it has worked.
Topics discussed include: determining goals, family dynamics and expectations in a business setting, financial viability, the transfer process; estate and gift tax, efficient methods of transfer, probate, wills, trusts, titling, basis, long-term care, Medicaid, powers of attorney; and use of entities.
Dave Goeller, Beginning Farmer Program coordinator, University of Nebraska–Lincoln, and Joe Hawbaker, Agricultural Law attorney, will present the program.
These workshops are made possible by the Nebraska Network for Beginning Farmers & Ranchers, the Farm and Ranch Project of Legal Aid of Nebraska, the Risk Management Agency of the USDA, and the Nebraska Department of Agriculture’s Farm Mediation, Colorado State University Extension—Logan and Morgan counties. Logan County Extension is sponsoring breaks and lunch.
The workshop is 9 a.m.-3 p.m. and is free of charge with a lunch provided. For questions or to register, call the Rural Response Hotline at 1-800-464-0258.
Holyoke Enterprise March 28, 2013