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February 18, 2022 | Grand Rapids
Worried about passing your farm on to the next generation? Trying to figure out what possible tax law changes will mean to you? Need a refresher on all of the steps to complete for your estate plan?
Farmers and agribusinesses throughout Michigan are invited to attend the Take Root Farm Succession and Estate Planning Conference on February 18, 2022 in Grand Rapids.
Cosponsored by Farm Bureau, Michigan Milk Producers Association, Michigan Pork Producers Association, and several other ag organizations, the 2022 Take Root Conference will provide attendees with solid footing in all aspects of farm succession planning.
Among the presenters at the conference will be Foster Swift agribusiness and estate planning attorneys Todd Hoppe and Mike Zahrt:
- Hoppe's topic will be on Large Farms and Multiple Operations—How do we structure our growing business?
- Now you have multiple operations, generations of family members, and numerous farm employees. You have farm managers. You have grain elevators, livestock, trucking, real estate and cropping, all run independently. You do contract work for other farms and agribusinesses. What structure should you be moving to? Should you do it all at once or in stages? What are other companies doing?
- Zahrt's topic will be on Estate Planning Essentials for Agriculture
- This session will provide a basic summary of estate planning documents and considerations farmers should evaluate to maximize and preserve wealth during lifetime; transfer wealth at death to intended recipients; minimize estate administration expenses; reduce or defer taxes; property ownership; and avoid conflict among family members.
For more information or to reserve a spot, contact April Cantrell with Michigan Farm Bureau.