Success StoryEstate Planning
Estate Planning
Author: Joanna Coles
Planning Unit: Warren County CES
Major Program: Farm Management, Economics and Policy
Plan of Work: Ag Awareness, Marketing & Leadership 2024
Outcome: Intermediate Outcome
Farmers are in the legacy business, wanting to pass the farming operation to the next generation. However, only 30% of those farms succeed to the next generation and only 12% to the third generation. Estate planning is an essential tool to help increase this statistic. The Warren County Extension Council identified estate planning as a priority topic because only 33 percent of Americans have an estate plan. A committee was formed to plan and conduct the program to increase that number in our community. A one-night educational program was developed featuring guest speakers: Kevin Kirby, Kirby Funeral Homes and Warren County Coroner, Josh Wilson, Southern Farm Bureau Estate Planner, and Lile McQinn, Estate Planning Attorney. Seventy-three individuals attended the meeting, and 100% increased their knowledge of the estate planning process. Seventy-three percent intend to update or create a will. The participants went home with worksheets and fillable documents for end-of-life planning, essential documents, and an overview of legal services. Follow-up educational information was requested by the participants, and the committee will plan future educational activities.
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