Extension farm transition and estate planning training dates set for 2010

The South Dakota Cooperative Extension Service has set 2010 dates in two cities for farm transition and estate planning workshops. 

One session of the training will be held at JoDean's Restaurant, 2809 Broadway Ave., Yankton, on Feb. 9, 16, and 23. The second set of workshops take place at Crossroads Hotel, 100 Fourth St. S.W., Huron, on March 3, 10, and 17.

The sessions cost $50 per person to cover the cost of meals and materials. Payment is due 10 days prior to the program. To register, send payment and contact information to the McCook County Extension office, attention Farm Transition, Box 130, Salem, SD 57058.

Heather Gessner, McCook County Extension Farm Management Educator, said participants in the program should plan to attend the full training schedule.

"Each day will be different and informative, and we hope to see participants take part in all of the material," Gessner said. "The programs are designed for all members of family operation because estate plans and transition plans are a complex and sometimes confusing endeavor for producers and their families."

Gessner said the sessions cover many aspects and components that can be included in the plans that families will devise. Topics covered during the three days include planning the transition of an operation to children that want to remain on the farm as well as strategies for families where the farming operation will no longer be family run. Another large component of the program covers communicating the wishes of the parents to the children and how to hold family meetings to discuss the issues that may come up during the develop of either a family transfer or when the estate is divided.

Extension staff, attorneys, and insurance specialists will present information on the development of trusts, wills, and probate. They also will cover long-term care and life insurance choices as part of estate plans. In addition to the technical components of setting up a plan, communication and transfer of personal assets also will be discussed.For more information, call Heather Gessner at 605-425-2242 or e-mail her at heather.gessner@sdstate.edu.

Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>