Success StoryEstate Planning Workshop
Estate Planning Workshop
Author: T. Adam Probst
Planning Unit: Woodford County CES
Major Program: Sustainable Agriculture
Plan of Work: Sustainable Agriculture
Outcome: Initial Outcome
With the average age of the farmer in Woodford County over 58 years old, the Woodford County Extension Service designed and implemented a 4 week estate planning workshop to assist landowners with transferring the farm to the next generation. With a partnership between the ANR and FCS programs, 30 participants learned more from extension specialists, attorneys, and financial management specialists in methods to effectively transfer ownership of the farm business and plan for retirement. One participant exclaimed that he had implemented much of the lessons learned during this workshop.
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