The workshop is about farm and ranch business succession, family estate planning and beginning farmer programs. It is intended to be useful for established farm and ranch owners, for their successors, and for beginners.
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.