Family Farm Estate and Succession Planning iCal

Friday, March 22 2013 6:30 PM - 9:00 PM

Family Farm Estate and Succession Planning
Tuesday, March 26, 2013
6:30 PM - 9:00 PM
Cornell Cooperative Extension of Ontario County
480 North Main Street, Canandaigua, NY 14424
 
Canandaigua, NY - Many farm families come to a point where they must formally transfer their farm from one generation to another.  Unfortunately, the legal, financial, emotional, and family considerations can get mixed together.  For some farm owners, the transition becomes difficult and confusing.  Although many families have transferred their farm assets in a planned process, others face the situation unexpectedly due to a death, divorce, or a family dispute.
 
Cornell Cooperative Extension of Ontario County will host a special Family Farm Estate & Succession Planning class on Tuesday, March 26, 2013 to help farm families make a smooth transition, even in complicated situations.  This meeting will explain how a senior generation or junior generation can start the process of planning the fate of the family farm, including transfer to a non-family member.  We will also explain which business structures should be considered during the transfer of a family farm, the role of outside consulting, and planning your retirement from the farm.  The workshop is open to all farmers and will be led by financial advisors Carl Lutz and John Montague from Lutz and Associates of Pittsford, NY.
 
Fee: $10.00 per person.
 
Pre-registration is required by March 22, 2013 by calling Cornell Cooperative Extension of Ontario County at (585) 394-3977 x427 or e-mail Nancy with your full contact information to nea8@cornell.edu
 
 
Jim O.
___________________________________
Jim Ochterski
Cornell Cooperative Extension
Agriculture and Natural Resources Issues Leader - Ontario County, NY
480 North Main St., Canandaigua, NY  14424
p. 585-394-3977 x402
c. 585-362-0194
e. jao14@cornell.edu

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