by Megan Roberts, Extension educator
In December, University of Minnesota Extension hosted a webinar series on introductory farm transition and estate planning concepts. Recordings of those sessions are now available for viewing on YouTube.
Whether young or old, a long-time farm owner or an aspiring beginning farmer, the webinars were designed to give the basics around terminology related to farm ownership, farm transfer, and estate planning.
Webinar #1: Developing your farm transition goals and assembling your “team"
Webinar #2: All things tax: gifting, selling, and transferring – What are the differences? What are the tax implications? What should I include in my farm transition plan?
Webinar #3: Wills, trusts, ownership titling—What does it all mean?
Webinar #4: Putting the basics together: estate, retirement, healthcare, and business transfer planning—How are they different and how are they similar?
Materials from the webinars, including the slides, are available for download at z.umn.edu/Decemberwebinars.
Additionally, University of Minnesota Extension, in collaboration with Minnesota State Farm Business Management, will offer farm transition planning events for farmers later this winter, including two in-person farm transition retreats for farm families. The retreat locations for 2022 include Alexandria or Mankato.
