A free workshop on business succession and estate planning will be held for farm and ranch owners, families, dairy producers and beginning farmers Dec. 2 in Hartington. It will be held from 10 a.m. to 3 p.m. at the Knights of Columbus Hall.  

Speakers will include Dave Goeller, Deputy Director, Northeast Center for Risk Management Education, UNL

Joe Hawbaker, Agricultural Law attorney, with Hawbaker Law Office, Omaha. 

  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. 

 

 

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, University of Nebraska Extension Office Cedar County, and a meal will be sponsored by the Nebraska State Dairy Association.