Farm Succession workshops to be held
News Staff
Wednesday, January 3, 2024
The Nebraska Rural Response Hotline, together with the Nebraska Department of Agriculture Beginning Farm Tax Credit and Negotiations Programs, and the Farm and Ranch Project of Legal Aid of Nebraska, are sponsoring free 3-4 hour workshops for farm and ranch families. These workshops will cover basic estate and succession planning (tools, considerations and decisions); the use of business entities in farm and ranch succession; finance and management issues in succession planning; transfer, death, and other tax issues, including the portability election; and options, buys-sell agreements, leases and preemptive rights. The aim of the program is educational: to provide reliable information that may assist farm and ranch families in putting together business succession plans, or in reviewing their existing plans.