Estate Planning for Families’ Workshop Scheduled
It’s that time of year when we stay indoors, pop popcorn, play board/card games, and have more family time. This is a perfect time of year to visit with the family about the future. Yes, I know we don’t like to plan for when we leave this earth and our loved ones behind, but it is very important to do so. We need to know what those hard-earned assets go to whom we want it to. We need to know that the family heirlooms will go to family members, or the family home will be taken care of, or the land will go to the child that farms it, or our business will go to the person that wants to take it over, or our minor children will be taken care of by family and not the state.
Planning for the future is vital and families must take steps to ensure assets for the next generation. Those hard-earned assets should be able to stay with the families who worked so hard to attain and develop them.
K-State Research and Extension has put together “Preserving the Family with Estate Planning,” workshops to aid families in beginning the process of transitioning from one generation to another. These workshops will be held in two locations: Thursday, February 22, 2018 at the Phillips County Fair Building in Phillipsburg, from 5:30 p.m. to 9:00 p.m.; and on Monday, February 26, 2018 at the Great Bend Recreation Commission – Burnside Room in Great Bend, from 5:30 p.m. to 9:00 p.m.
A meal and materials are included in the $20 registration fee, and family members can attend for an additional $15 each if registered at the same time. Early registration is due February 15, 2018. Meals and materials cannot be guaranteed with late registrations.
Anna Schremmer, K-State Research and Extension, Phillips-Rooks District Family and Consumer Sciences Agent, will set the tone for the evening with her presentation, “Getting Started with Estate Planning,” and will offer participants a starting point in a positive pursuit for their estate succession plan.
Participants will then have the opportunity to learn about the Basics of Estate Planning. This will be presented by Wendee Grady, Kansas Farm Bureau Attorney.
Following break, participants will have an opportunity to find out how to transfer their farm and/or small business to the next generation. Presenting this topic will be Kansas Farm Management Economists, Mark Wood at the Phillipsburg site and Bryann Manny at the Great Bend site. A question and answer session made up of all the session presenters will wrap up the event.
To see a complete brochure and to register online, go to: http://www.northwest.ksu.edu and view Events. If you would like more information or a brochure sent to you, please contact Phillips-Rooks Extension District – Phillipsburg office at 785-543-6845 or the Cottonwood Extension District – Great Bend office at 620-793-1910.
Don’t wait to begin planning for the future.
“Knowledge for Life” provided by Phillips-Rooks Extension District #5 and K-State Research and Extension