Estate Planning Workshop 9:00a

Start: March 8, 2013 9:00 AM

End: March 8, 2013 4:00 PM

Estate planning workshop at ISU Extension and Outreach office (824 Flindt Dr)

March 8; registration will begin at 9am

Advance registration is required as space is limited. Cost is $50 per person and includes lunch. To register call the BV County Extension Office at 712-732-5056

Press Release:

Extension and Farm Credit offers estate planning workshop

Talking about estate planning is often difficult and implementing an estate plan can be even harder.

Farmers are unique because there isn't a distinct moment where they just walk out the door to retirement as someone in a regular wage earning job might do.

Rather, farm families often need to think about how to transition the farm business to the next generation during a lifetime, as well as have an estate plan in place.

There are options they can consider such as phasing out or transitioning to another generation.

The "Evaluating Your Estate Plan" workshop will answer estate-planning questions and help prepare for future farm transitions and estate planning.

"The program applies to everyone - town and country, families, couples and individuals," says Melissa O'Rourke, Iowa State University Extension farm and agribusiness management specialist and one of the speakers at the event.

O'Rourke is an attorney experienced in agricultural law and estate planning.

Kelvin Leibold, Extension farm and agribusiness management specialist, will be the other featured speaker. He joined ISU Extension in 1987 and has vast experience in working with agricultural clients in farm and business planning.

The one-day workshop will discuss the language of estate planning, gift, estate and inheritance taxes, calculating retirement costs and many other areas vital to creating a good estate plan.

For producers confused on how to build a plan for transferring farm assets or unsure what options are best for their farm operations and family, ISU Extension advises them to attend this workshop.

"We're really excited about this workshop because it doesn't just stop at providing valuable information for anyone concerned about estate and transition plans," says O'Rourke.

"Everyone will participate in a hands-on analysis and discussion of case studies that will help folks apply the information to their own situations."

ISU Extension and Outreach - Buena Vista County and Farm Credit Services of American in Storm Lake is offering this workshop on Friday, March 8th in Storm Lake at the ISU Extension and Outreach office at 824 Flindt Dr. Registration will begin at 9am with adjournment at 4pm.

Advance registration is required as space is limited. Cost of the Evaluating Your Estate Plan workshop is $50 per person and includes lunch.

To register call your Buena Vista County Extension Office at 712-732-5056.