Planning ahead is especially important for farm families. To help, The Career Center is hosting an Estate Planning Seminar with a Columbus-area law firm to on February 8 to discuss considerations unique to farmers and other rural property owners. 

 

The Career Center’s Marty Clark says Washington County native Dave Barrett Jr is bringing several attorneys from his Dublin firm down to speak about estate planning.

 

“The thing about farm families is that most of their wealth is in assets – lands and buildings,” Clark explains. “If we don’t plan on how best to transfer that to the next generation, or however they want it transferred, then typically the heirs end up having to pay a lot of estate taxes. In fact many times they have to sell the farm just to pay the taxes.”

 

Clark says topics for discussion will include “those estate taxes, gifting, life insurance, wills, trusts, those sorts of things for probate avoidance that we can do ahead of time instead of waiting until it’s too late.”

 

Oil and gas issues will also be reviewed.

 

Organizers are asking the public to pre-register in order to prepare enough materials for the meeting. There’s a $20 fee per attendee, which includes lunch and materials.

The session from 10:00 a.m. until 3:00 p.m. on Friday, February 8. Register before February 5 by contacting Marty Clark at 740-373-6283 or at mclark@thecareercenter.net.

 

The fee can be paid the day of the seminar.