Estate Planning

Man speaks to older couple near vehicles and farm equipment
While land, machinery and equipment are the most logical options, any physical asset used on your farm or ranch could be considered in a gift leaseback for family members looking to join the operation. (CAP photo)

Ideas for Estate and Transition Planning: Gift Leaseback

May 23, 2024
Continuing a series that highlight ideas and tactics for bringing another family member into the operation, this extension article expands on strategies to transfer wealth by combining gifts with a lease agreement.

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Man and woman speaking near tractor
Successfully bringing additional family members into an ag operation may require some creativity, as all parties need to maintain a viable standard of living. Gifting assets is one strategy for compensating the next generation on the farm or ranch.

Ideas for Estate and Transition Planning: Gifting

April 24, 2024
Gifting assets, such as equipment, livestock, land, or shares of an entity, is one of several ways to compensate family members in an operation, but it requires careful consideration of the guidelines.

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Farm family walking in field
Two upcoming land management webinars will include information tailored to different regions of the state — March 27 will be more relevant to western and central Nebraska residents, and March 28 will be for eastern Nebraska residents. (CAP photo)

Land and Leasing Webinars to Cover Cash Rents, Landlord-tenant Issues for 2024

March 15, 2024
Two upcoming workshops will review a wide variety of land management concerns for Nebraska producers, from land value trends and cash rents to creating estate plans.

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Couple and son laughing on farm beside tractor
Throughout each Center for Agricultural Profitability Returning to the Farm workshop, participants receive help from experts in developing estate and transition plans, setting personal and professional goals and improving the communication process between family members.

Returning to the Farm Workshops Set for March 8-9 in Kearney

February 15, 2024
This workshop series assists families and agricultural operations with developing financial plans and successful working arrangements to meet their unique needs.

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Center pivot system in snowy field
Snow covers the landscape around a center pivot and bales of hay. (Photo by Chabella Guzman)

Farm and Ranch Estate and Transition Planning Workshops in Rushville, Chadron, Scottsbluff

January 18, 2024
Following a presentation that will assist producers with creating an estate plan, the workshops will feature a Q&A session with an attorney or panel of estate planning professionals.

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Man and son on farm
The upcoming farm succession workshops are sponsored by the Nebraska Rural Response Hotline, Nebraska Department of Agriculture Beginning Farm Tax Credit and Negotiations programs, the Farm and Ranch Project of Legal Aid of Nebraska, and the Nebraska Farmers Union Foundation.

Free Farm Succession Workshops Set for Jan. 24-25

January 4, 2024
Hosted in Stuart and Greeley, the workshops will cover basic estate and succession planning to assist farm and ranch families in creating or reviewing their plans.

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Farmer inside of tractor cab
Incorporating the possibility of disability into your estate plan requires professional legal assistance, so it's critical to discuss these issues with your attorney and financial advisor as part of the process. (Center for Ag Profitability photo)

What Happens to Your Farm or Ranch if You Become Disabled?

December 14, 2023
Labor contingency plans, emergency funds, buy-sell agreements, insurance — there's many factors to consider when preparing for a potential disability on the farm. Read this article for more on what to expect of the process.

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Farming family in field
Participants of this Returning to the Farm workshop will benefit from two additional virtual training sessions, scheduled for Jan. 11 and Feb. 8. See details below.

Returning to the Farm Workshop Dec. 8-9 in Grand Island

December 1, 2023
The two-day workshop will assist families and agricultural operations with developing financial plans and successful working arrangements to meet their unique needs.

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