Estate planning workshop in Lex

Nebraska Extension

The Dawson County Extension Office will hosting “Farm and Ranch Estate Planning Workshop” Wednesday, March 14, 2018 from 9:30 a.m. – 3 p.m. at the Dawson County Extension Office, Fairgrounds, 1002 Plum Creek Parkway, Lexington, NE 68850.

Cost to attend is $10 per person, or $10 per couple. This is to encourage current owners/future successors, father/son or daughter, husband/wife to attend so all parties are represented and can get their questions answered. Registration fees cover refreshments and handouts for the presentations.

Please pre-register no later than Monday, March 12 by calling the Dawson County Extension Office at 308-324-5501 or emailing Sarah Sivits at sarah.sivits@unl.edu.

Pre-registration is required to ensure that there are enough handouts, lunches, and other materials available for participants.

One presentation will focus on the decisions and situations that should be addressed when thinking about how your farm or ranch estate will be passed.

Topics include: the need for planning, proper family communications, who makes the decisions, concept of fair versus equal, preparing to meet with an attorney, and much more. The presentation is designed to give some basic information to those that haven’t yet started to think about their succession or transition plan for their assets.

In addition, an Ag Attorney will present on discussion topics that Ag Families need to address. Topics include wills, trusts, and other end of life documents that need to be in order. The objective is to start the process of having the farm succession or transition planned. Allan Vyhnalek, UNL Extension Educator for Farm Succession will present. He was recently assigned to the Ag Economics Department to work on farm and ranch succession and transition. Zach Peterson, Dave Dvorak, and David Mayer will make the legal presentation. They have worked with farmers to cover the legal aspects of end-of-life and end-of-business decision making. Participants at previous events always report that they wished they would have started sooner, when asked about the value of attending the presentation. The consequences of not having an appropriate plan in place can jeopardize the financial stability and the future of the family. More importantly, we need to have our wishes known to others so the legacy of the farms and ranches can be passed to the individuals or entities intended.

For more information or assistance, please contact Allan Vyhnalek (402-472-1771 or avyhnalek@unl.edu).

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