Success StoryEstate Planning Workshop



Estate Planning Workshop

Author: Clinton Hardy

Planning Unit: Daviess County CES

Major Program: Financial Education - General

Plan of Work: Agriculture Production, Management, and Environment

Outcome: Intermediate Outcome

Estate planning is a critical need of clientele in our area but after losing two mid-career farmers in the last 12 months, the importance was reinforced by challenges their families encountered with distribution of assets and continuation of their farm businesses upon their passing.  In an effort to emphasize the need to revisit or initiate an estate planning process and estate planning seminar series was conducted in December.  An extension specialist and local expertise were invited to participate in an effort to help extension clientele become familiar with the terminology and tools involved in estate planning and will preparation.  Participants shared they benefited from the experience with some inviting additional family to attend subsequent meetings.  At this time, one family has reported that they have since met with an attorney and revised their will to ensure assets are distributed per their will upon their death.  






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