INDIANAPOLIS — Registration is now open for Indiana Agricultural Law Foundation’s 2019 Estate and Succession Planning for the Family Farm event in Indianapolis. Family farmers and attorneys are encouraged to attend on Tuesday, July 30 from 8:30 a.m. to 4:30 p.m. at the Indiana Farm Bureau headquarters to learn about estate and succession planning as it pertains to the long-term future of family farms.
The Indiana Agricultural Law Foundation (INAgLaw) is a 501(c)(3) charitable organization with a focus on developing educational and legal initiatives that support the advancement of Indiana agriculture. INAgLaw’s event is open to anyone interested in understanding the importance of estate and succession planning to their business and walking away with valuable tips for getting started.
“Long-term planning for family-owned businesses is complex and there are many considerations to be made,” said John Shoup, director of INAgLaw. “It’s essential that families work together to create their succession plans before they’re needed. Our event in July is intended to make that planning process a bit more manageable for farmers and their legal representatives.”
Speakers will cover agricultural estate planning basics, land values in succession planning, estate litigation and more to assist with a smooth farm transition. Most importantly, the event is designed to encourage communication among farm families. Multiple generations of family members are encouraged to attend together as a means to beginning the conversation.
“It all starts with family communication,” said Shoup. “We give our farmers tips for starting what can be a sensitive conversation for a family.”
New this year, the event will include a session on Farm Service Agency options for new farmers.
“Long term planning for the family farm often means incorporating the next generation into the operation,” explained Shoup. “This year we will be discussing some of the resources that are available to help families with that transition and give the next generation a good shot at being competitive.”
The event’s sessions include:
- Land Value Considerations in Succession Planning with Dr. Jason R. Henderson, Purdue
- Agricultural Estate Planning Basics with Lindsay Schmitt, Farmer Scott Ozete Robinson & Schmitt LLP
- Estate Litigation and Competency Issues: How to Avoid Common Pitfalls with Kisti Good Risse and Stuart Boehning, Bennett, Boehning & Clary, LLP
- Protecting the Family Farm From the Nursing Home and Forced Partition Sales with Dan Gordon, Gordon & Associates
- FSA Options for Getting New and Beginning Farmers Into the Operation with Greg A. Foulke, Indiana Farm Service Agency
- The Bad, The Ugly and the VERY Good of Farm Transition Planning with Jeanne Bernick and Jim Rein, CPA, K•COE ISOM
Registration ends July 23 unless maximum capacity is reached in advance of that date. You can register today at www.INAgLaw.org. Registration is $35 per person and $60 for all attorneys seeking CLE credits (six credit hours).
— Indiana Farm Bureau
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