You are welcome to attend a free workshop on business succession and estate planning for farm and ranch owners, families, and beginners.
You can choose from two locations: February 11 at the Broken Bow Country Club in Broken Bow or February 12 at the Bullseye Building in Mullen. The workshop will run from 9 am to 3 pm local time.
There is no charge for the workshop. To register (and for questions) call the Rural Response Hotline (1-800-464-0258) or Nebraska Extension Office for Broken Bow (308-872-6831) or Mullen (308-645-2267). Meal count is appreciated by February 6th.
The workshop is about farm and ranch business succession and family estate planning. It is intended to be useful for established farm and ranch owners, for their successors, and for beginners.
Topics include: the stages of succession planning, contribution and compensation, balancing the interests of on-farm and off-farm heirs; the importance of communication, setting goals, analyzing cash flow, and balancing intergenerational expectations and needs; beginning farmer loan and tax credit programs; the use of trusts, wills, life estate deeds and business entities (such as the limited liability company) in family estate and business succession planning; buy-sell agreements, asset protection, taxation (federal transfer taxes, Nebraska inheritance tax, basis adjustment), and essential estate documents.
Presenters will be:
Dave Goeller, Deputy Director, Northeast Center for Risk Management Education, UNL
Joe Hawbaker, Agricultural Law attorney, with Hawbaker Law Office, Omaha.
This workshop is made possible by the Nebraska Network for Beginning Farmers & Ranchers, the Farm and Ranch Project of Legal Aid of Nebraska, National Institute of Food and Agriculture, the Nebraska Department of Agriculture’s Farm Mediation, Nebraska Extension, and a free lunch will be provided by Farm Credit Services of America.