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Iowa State offers estate planning workshops
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Talking about estate planning is often difficult and implementing an estate plan even harder. For farmers the situation is even more complex, because there isn’t a distinct moment when they walk out the door to retirement as do people who retire from other careers. This makes it important for farm families to think about how to transition the farm business to the next generation duirng a lifetime and to put an estate plan in place.
Iowa State University Extension and Outreach will hold workshops in February at five Iowa locations to provide farm families and others with information about estate planning options. “Evaluating Your Estate Plan” will be a one-day workshop from 9 a.m. to 4 p.m. Workshops will be held on the following dates at these locations:
- Feb. 7 – Iowa Falls, Hardin County Extension office. To register, call 641-648-4850.
- Feb. 15 – Le Mars, Plymouth County Extension office. To register, call 712-546-7835.
- Feb. 16 – Fayette, Upper Iowa University Student Center, Ballroom. To register, call 563-425-3331.
- Feb. 22 – Greenfield, Adair County Extension office. To register, call 641-743-8412.
- Feb. 23 – Marion, Linn County Extension Office. To register, call 319-377-9839.
“The program applies to anyone – town or country; families, couples or individuals,” according to Melissa O’Rourke, Iowa State University Extension farm and agribusiness management specialist and one of the speakers at the event. O’Rourke is an attorney experienced in agricultural law and estate planning.
Kelvin Leibold, ISU Extension farm and agribusiness management specialist, will be the other featured speaker at the workshop. Leibold and O’Rourke will discuss the language of estate planning, gift, estate and inheritance taxes, calculating retirement costs and many other areas vital to creating a good estate plan.
“We’re really excited about this workshop because it doesn’t just stop at providing valuable information about estate plans,” said O’Rourke. “There will be hands-on analysis and case study discussions that will give participants a broader understanding to apply to their own situations.”
Advance registration is required as space is limited. Workshop fee for Evaluating Your Estate Plan is $50 per person, which includes lunch. To pre-register for a site, call the associated county extension office. For more information, visit the Ag Decision Maker website: www.extension.iastate.edu/agdm.
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