October 26, 2009
Farm Transition & Estate Planning - Build Your Exit Strategy
The NDSU Extension Service is holding a Program on Transferring Farms & Estates.
There will be 3 locations to choose from. Locations and dates are as follows:
November 3 - Dickinson Elks Club
November 4 - Bowman Golf Course
November 5 - Hettinger Research Center
The Program will start at 9 a.m. MT with registration and will conclude at 4
p.m. There is a registration fee of $15, which includes lunch and materials.
Preregistration is due by October 30. Contact the
Stark-Billings County Extension Office to preregister or for more
information.
As part of the workshop, participants will be given time to complete worksheets
related to the application of different transfer strategies as well as listing
personal, family and farm business goals. The result is the beginning of a farm
business transfer plan. Estate planning
is a crucial part of the transition process as well.
The workshop also includes discussion of will and trusts, life insurance,
power-of attorney, long-term health care issues, and more. This information will
help to complete the transfer plan. Participants will receive a workbook with
all of the power points as well as worksheets to use at home while they develop
their own plan.
Also see Farm Transition brochure
