Farm Estate, Transition workshop set

McCOOK, Nebraska -- A Farm Estate and Transition Planning workshop will be 9 a.m. to 3 p.m. Thursday, March 28 in McCook.

There is no charge for the workshop and a lunch will be provided. To register (and for questions), call the Rural Response Hotline at 1-800-464-0258 or the Red Willow County Extension Office at 308-345-3390 by March 22 to reserve a spot.

The workshop offers a reliable, useful discussion of business, family, and tax issues involved in passing on the family farm or ranch, and the legal tools that are used to address those issues. How to get ready to make a plan? How to review your existing plan? How to be a good consumer of legal and estate planning services? What have others done? How has it worked?

Topics discussed include: determining goals, family dynamics and expectations in a business setting, financial viability, the transfer process; estate and gift tax, inheritance tax, efficient methods of transfer, probate, wills, trusts, titling, basis, long-term care, Medicaid, powers of attorney; and use of entities.

Leading experts 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 USDA Risk Management Agency, the Nebraska Department of Agriculture's Farm Mediation, and the University of Nebraska-Lincoln Extension in Red Willow County. Lunch sponsors include McCook National Bank, Edward Jones Investments -- Ron Friehe, Edward Jones Investments - Sharleen Riemenschneider, Stagemeyer & Smith CPA, PC, and Cappel Sales, Inc.

The workshop is limited to the first 100 participants, so register early to reserve you spot!