Planning Your Estate and the Succession of Your Farm/Ranch
You’ve worked hard to build your operation – spend a little time thinking about its future. Colorado State University’s Agricultural and Business Management Economist Jeff Tranel has worked with hundreds of farm and ranch families to plan the transfer to the next generation, retirement and formalize estate plans.
March 28, 2019
10 am- 3 pm
Northeastern 18 Golf Course, Sterling
$20/person – or $15/person for families/groups of 3 or more
Premier Farm Credit customers attend for free
This interactive session will cover:
- Strategies for keeping the farm/ranch in the family
- Four Pillars of a Lasting Legacy (values and life lessons, personal possessions of emotional value, final wishes and instructions, and real estate and finances). This provides “food for thought” and tools and strategies for people as they pass on non-business (personal) things to future generations and deal with end-of-life issues.
- Family communications – parents talking and working with their children (successors of the farm/ranch in some cases) and children talking with their parents to understand Mom and Dad’s financial situation and desires for retirement and future of the farm/ranch.