Nebraska Extension and the University of Nebraska–Lincoln’s Center for Agricultural Profitability (UNL CAP) will present a Farm and Ranch Transition and Estate Planning Workshop on Tuesday, March 7, 1–4 p.m. at the Nebraska Extension in Lancaster County conference rooms, 444 Cherrycreek Road, Suite A, Lincoln. The workshop will equip farmers and ranchers with information to plan for the successful transition of their operation to the next generation. There is no cost to attend, but registration is required by calling Lancaster County Extension at 402-441-7180 by Monday, March 6.
The workshop will be presented by Allan Vyhnalek, an Extension Educator for farm and ranch transition and succession, and Brandon Dirkschneider, a Certified Financial Planner and Farm Succession Coordinator with Insurance Design Management in Omaha. They will offer tools and strategies to effectively plan, start and complete estate plans, offer background on common mistakes during the process and highlight essential considerations for creating and carrying out estate and succession plans.
“The common mistake is that most know that they need an estate plan but never get around to putting a plan into a legal document,” Allan said. “Over several years, at the end of the workshop, the most common comment is that the participants wished that they had started learning the steps to start and complete a plan sooner.”
More information about Nebraska Extension’s resources related to estate planning and succession planning for farmers and ranchers is available at the UNL CAP’s website, https://cap.unl.edu/succession.