Does your family have a plan in place for the next generation to take over the farm? The Indiana Agricultural Law Foundation will hold a seminar on Tuesday, July 21, that will provide resources on estate and succession planning for farm families.
“Passing the farm to the next generation isn’t as easy as handing over the tractor keys,” said John Shoup, IALF director. “Our seminar will cover some of the issues that people don’t necessarily think about, like land valuation and legal tools.”
The day-long event will feature sessions on family dynamics, financing considerations, valuation of land assets and leasing value, an accountant’s perspective on the succession process and legal tools to help implement a succession plan.
The seminar will end with a question-and-answer panel with several of the day’s presenters.
Early registration for farmers and landowners is available for $50 until June 19. If space is still available, the registration cost after June 19 will be $75. For attorneys seeking continuing legal education credits, the price is $75 until June 19 and $100 after that date. Space is limited for this event. Early sign-up is encouraged.
This is the second seminar on estate and succession planning offered by the IALF. Last year’s seminar focused on the estate planning process; future sessions are planned.
Indiana Farm Bureau is a sponsor of the seminar, which will be held at the INFB home office in downtown Indianapolis. Indiana Farm Bureau Insurance, Farm Credit Mid-America, Indiana Pork and Schrader Real Estate and Auction also sponsor the seminar. Registration and additional information are available on the IALF website, www.inaglaw.org, or by calling Maria Spellman, 317-692-7840.