OSU Extension will host a virtual three part
“Planning for the Future of Your Farm
” workshop on February 15, 22 and March 1, 2021 from 6:30 to 8:30 p.m. via Zoom. This workshop will challenge farm families to actively plan for the future of the farm business. This workshop is designed to help farm families learn strategies and tools to successfully create a succession and estate plan that helps you transfer your farm’s ownership, management, and assets to the next generation. Learn how to have the crucial conversations about the future of your farm.
Topics discussed during this series include: Developing Goals for Estate and Succession; Planning for the Transition of Control; Planning for the Unexpected; Communication and Conflict Management during Farm Transfer; Legal Tools & Strategies; Developing Your Team; Getting Affairs in Order; and Selecting an Attorney.
Now’s time to work on estate planning
Tony Nye - OSU Extension
What is estate planning? Simply, estate planning is arranging for the use and disposal of your resources and property after your death.
It allows you to look at the total picture. You should give some time and thought to plan your estate.
Here would be some steps to consider:
1. Know what you have and where it is: What do you own? What is your net worth? Where are your important papers?
2. Know how you want your estate to be handled: What are your goals for your estate after your death? Who, as your estate planning team, can help you meet those goals?