Transition Planning Workshop at Bridgeport
A Farm and Ranch Estate and Transition Planning workshop will be held April 10 in Bridgeport.
The program will be presented by Dave Goeller of the University of Nebraska-Lincoln Beginning Farmer Program Coordinator and Joe Hawbaker, agricultural law attorney.
The workshop will run from 9 a.m.-3 p.m. at Prairie Winds Community Center. There is no charge and lunch will be provided. To register or ask questions, call the Rural Response Hotline at 1-800-464-0258.
Sponsors are the Nebraska Network for Beginning Farmers and Ranchers, the Farm and Ranch Project of Legal Aid Nebraska, the Risk Management Agency of the U.S. Department of Agriculture, and the Nebraska Department of Agriculture's Farm Mediation, and University of Nebraska-Lincoln Extension offices of Morrill and Scotts Bluff County.
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 issues such as 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; what others have done; and how it has worked.
Topics 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.
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