Farm Succession Planning
Presented by: Ridgewater College Farm Business Management & the Central Minnesota Credit Union
Farm transfer/estate planning is an important process for every farm family, both young and old. Developing a plan requires extensive communication with family members followed by use of various planning tools such as will, life estate, living trust, gifting, etc. to make the plan successful. Attorney Lee Hanson will talk on a variety of topics, including definitions of farm transfer, planning tools, joint ventures, partnerships, "C" corporations, LLC/LLPs, "S" corporations, but/sell agreements, tax considerations, estate planning considerations, ad successions of a family business.
To register, contact Bob Stommes at 320.256.4340 or Andy Welle or Launa Ascheman at 320.256.4269.
1:00 - 4:00 p.m.
Central Minnesota Credit Union, Melrose, MN