Persons of all ages are invited to attend a “Farm and Ranch Estate Planning Workshop” hosted by UNL Extension. This workshop will be held on March 14 from 9:30 to 3:00 at the Dawson County Extension Office meeting room in Lexington. Dvorak Law Group will guest present.
Everyone attending is asked to register by calling the Dawson County Extension Office at 308-324-5501, to ensure that there are enough handouts, lunches and other materials. The registration fee will include your handouts, lunch, refreshments, and presentations.
One presentation will focus on the decisions and situations which should be addressed when thinking about how your farm or ranch estate will be passed. Topics will include: the need for planning, proper family communications, who makes the decisions, the concept of fair versus equal, preparing to meet with an attorney, and much more. The presentation is designed to give some basic information to those that haven’t yet started to think about their succession or transition plan for their assets.
In addition, an agricultural attorney will be making his presentation to give ag families the basics of what they need to start planning their wills, trusts, and other end-of-life documents that need to be in order. The objective is to start the process of having the farm succession or transition planned.
Allan Vyhnalek, UNL Extension Educator for Farm Succession will present. He was recently assigned to the Ag Economics Department to work on farm and ranch succession and transition. Dave Dvorak, David Mayer, and Zach Petersen, Omaha based attorneys, will make the legal presentations. They have worked with farmers to cover the legal aspects of end of life and end of business decision making.
Participants at previous events always report that they wished they would have started sooner when asked about the value of attending the presentation. The consequences of not having an appropriate plan in place can jeopardize the financial stability and the future of the family. More importantly, we need to have our wishes known to others so the legacy of the farms and ranches can be passed to the individuals or entities intended.
For more information or assistance, please contact Sarah Sivits at 308-324-5501, or Allan Vyhnalek, 402-472-1771.