Farm Business Succession &
Estate Planning
Dave Goeller
Deputy Director
North Central Risk Management
Center
Transition Specialist
University of Nebraska
402 472 0661
dgoeller@unl.edu
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Team
Bob Parsons, U. of Vermont
Jesse Richardson, Virginia Tech
Jeff Johnson, Texas Tech
Marsh Goetting, U. of Montana
John Baker, Iowa State
Dave Goeller, U. of Nebraska
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Contributors
Norm Dalsted, Colorado State
Gary Hachfeld, U. of Minnesota
Mike Sciabarrasi, U. of New Hampshire
Roger McEowen, Iowa State
Steve Richards, Cornell University
Danny Klinefelter, Texas A & M
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What are the Topics?
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What are the Topics?
Goals
Estate Planning
Business Entities
Retirement
Gifting
Wills & Trusts
Communication
Decision Making
Conflict Resolution
Titling of Assets
Taxation
Long-Term Care
Financial Analysis
Values
Missions Statements
Strategic Business Plans
Management Transfer
Fair vs Equal
Farm Business Meetings
Legal Issues
Motivation
Insurance
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What are the Topics?
People Issues
Technical Issues
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What are the Topics?
People Issues
Technical Issues
Communication
Estate Planning
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Do you want to have a
“SUCCESSOR”?
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agrisk.umn.edu
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Estate Planning
Key Questions
What do you own?
How is it Titled?
Who do you want to give it to?
When do you want to give it to them?
How long do you want to exert control?
What about Long Term Care?
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Time Management Matrix
Not
Important
Important
Urgent
Not Urgent
I. Activities
Crisis Management
Deadline Projects
II. Activities
Planning
Relationship
Building
III. Activities
Some Calls, Mail,
Popular Activities
IV. Activities
Time Wasters
Busy Work
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Resources
 David Goeller, UNL Farm Transition Specialist
 Phone: 402-472-0661
 Email: dgoeller@unl.edu
 Joe M. Hawbaker, Attorney at Law
 Phone: 402-558-3540
 Email: mjbaker@radiks.net
 Nebraska Farm Hotline
 Phone 800-464-0258
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Credits
 David Aiken, Attorney at Law,
 UNL Ag Econ Department
 Phone: 402-472-1848
 John Baker, Attorney at Law
 Iowa State University
 Director of the Iowa Beginning Farmer Center
 800 447 1985
 Roger A. McEowen, Attorney at Law
 Iowa State University
 Associate Professor of Agricultural Law
 Phone: 515 294 4076
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Need For Personal Legal Advice
The information in this presentation and
accompanying material is provided for
educational purposes only. It is not a
substitute for competent legal advice. Farmers
and ranchers need professional legal and
financial counsel in evaluating alternatives for
legally structuring the farm business. This
information is provided to help you better
communicate with your professional advisors
in analyzing your specific situation.
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