« Continue Browsing

e-mail article Print     e-mail article E-mail

Published November 19 2010

NDSU offers farm/ranch transition, estate planning

Do you want to be in charge of who gets your assets after you’re gone? Are you concerned about what your estate will cost your heirs? What are the best tools available to plan your estate?

These are just a few of the questions that will be answered at the farm/ranch transition and estate planning workshops scheduled Dec. 2, 7 and 9. The sessions are from 5:15 to 8:30 p.m. in the Mountain time zone or 6:15 to 9:30 p.m. in the Central time zone at the following locations across the state:

The workshops are sponsored by the North Dakota State University Extension Service.

The early bird registration fee is $55 for individuals plus $10 each for a spouse or additional associate (up to two additional people) if postmarked by Nov. 24. After that date, the cost will be $75 per person and $10 for each additional person. Registration fees include materials and refreshments.

The sessions will be a combination of presenters through the North Dakota Interactive Video Network as well as local experts at each location.

Session one will cover how to get started and the importance of communication among family members. The presenter will be John Baker with the Beginning Farmer Center at Iowa State University.

Session two will cover farm business arrangements. The session will explain the pros and cons of different types of business organizations for farmer and ranchers. The presenter will be Jim Kastanek, founder and owner of Total Agri-Business Services in Albany, Minn.

Session three will address farm estate and succession planning, plus the tax and economic consequences of asset transfer strategies. Leading the discussion will be Andy Zenk, agribusiness consultant at AgCountry Farm Credit Services in Grand Forks.

To register, contact the Extension Service office in the counties where the sessions will be hosted:

Registration forms also are available at www.ag.ndsu.edu/anniesproject. Click on “Farm/Ranch Transition and Estate Planning” on the left side of the page. Those interested in attending the workshop should register as soon as possible because seating is limited at most sites.