Farm & Ranch Business Succession & Estate Planning Workshop in Blue Hill March 4

     Farmers and ranchers are cordially invited to attend a free workshop on business succession and estate planning for farm and ranch owners, families and beginners that will be held on Friday, March 4 at the Blue Hill Community Center. The workshop will run from 9:30 am to 2:30 pm (including lunch break) with registration and coffee at 9:00 am. There is no charge for the workshop and the lunch is provided. We just ask that you pre-register.
     The workshop is about farm and ranch business succession, family estate planning and beginning farmer programs. 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 & 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 Include: Dave Goeller, Deputy Director, UNL Northeast Center for Risk Management Education; Joe Hawbaker, Agricultural Law Attorney, with Hawbaker Law Office, Omaha. The workshop and meal is FREE to the public. Because a meal is included we do need for individuals to pre-register by Wednesday, March 2. To register (and for questions) please call the Rural Response Hotline at 1-800-464-0258 or contact the Webster County Extension Office in Red Cloud at 402-746-3417.
     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 Next Gen, Nebraska Farmers Union Foundation, Nebraska Extension Office in Webster County, and a meal will be sponsored by South Central State Bank.