Success StoryAssisting Farmers in Kentucky With Estate Planning



Assisting Farmers in Kentucky With Estate Planning

Author: Linda Brown-Price

Planning Unit: Administration - Cooperative Extension Service

Major Program: Financial Education - General

Outcome: Initial Outcome

An estate planning online seminar for farmers in Kenton County on January 27, 2022, in conjunction with the Kenton County Agriculture Agent and a local estate planning attorney was conducted. Response was small but the mother and daughter were able to ask pertinent  questions and began to make financial decisions  based on their circumstances. They gained knowledge needed to obtain assistance from a financial planner.

Family-owned farms and ranches are often “asset-rich and cash-poor,” which means they have valuable assets in the form of land, machinery, livestock, and/or crops, but they have little available cash. This can make it financially hard for younger family members to take over the family farm. To aid in financially planning to pass down the farm, Kentucky State University Cooperative Extension held a Women In Agriculture Webinar on June 14, 2022, to address this issue.  Collaborating with an Estate Planning Attorney the topic of “Key Concepts and Steps in Agriculture Estate Planning”  topics  discussed were legacy estate planning, how to get started in creating a plan, taxes, trusts, and communication with family members. Fifty-seven participants from across the state signed up for this online seminar.

Questions from participants will be utilized  in follow-up surveys and strategies for future webinars.







Stories by Linda Brown-Price


Beginning Computer Class

Beginning Computer Class

about 2 years ago by Linda Brown-Price

A three-week series on learning the basics of computers, beginning September 16,23, and 30th from 6-... Read More


Assisting Farmers in Kentucky With Estate Planning

Assisting Farmers in Kentucky With Estate Planning

about 2 years ago by Linda Brown-Price

An estate planning online seminar for farmers in Kenton County on January 27, 2022, in conjunction w... Read More


Stories by Administration - Cooperative Extension Service


Breathitt County 4-H: Citizen Science and Community Engagement

about 2 years ago by Charles Stamper

UK-CARESCitizen Science ProjectSummary ReportProject Title: Breathitt County 4-H Youth Development C... Read More


Recovery Garden Projects Provide Nutrition and Skills for Residents

about 2 years ago by Paula Plonski

Many Kentuckians struggle with substance use; an estimated 399,000 Kentuckians age 12 and older repo... Read More


Stories by Financial Education - General


“Preparing Families for Holiday Spending thru the Use of Technology & Videos”

“Preparing Families for Holiday Spending thru the Use of Technology & Videos”

about 2 years ago by Chandra DeRamus

Success Story | December 2021Chandra DeRamus“Preparing Families for Holiday Spending thru the Use of... Read More


Money Habitudes | Financial Self Discovery

Money Habitudes | Financial Self Discovery

about 2 years ago by Natalie Taul

Financial education programs often highlight financial literacy skills such as budgeting and managin... Read More