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Succession, estate planning and retirement 7-week class to be offered online and in person

published: January 7th 2021
by: Linda Geist
source: University of Missouri Extension

COLUMBIA, Mo. - University of Missouri Extension offers a three-night class on estate, succession and retirement planning for farmers and business owners at locations throughout the state and online.

Darla Campbell, MU Extension agricultural business specialist in Lancaster, Missouri, said the goal of the class is to prepare small-business owners and farmers to strategically transfer their business assets.

Campbell has more than 20 years of experience in succession and estate planning. She teaches the program with other extension specialists and a probate judge.

“Your Farm, Your Business, Your Future” will be held 6-9 p.m. on three consecutive Tuesdays: Jan. 19, Jan. 26 and Feb. 2. In case of bad weather, the alternate date will be Feb. 9. There is an online option for individuals who cannot attend at one of the seven physical sites.

“Many farmers and agricultural business owners do not have a plan to transfer ownership or management of their farm upon death or illness,” Campbell said. “Without one, the state determines what will happen, and that may not be what the owner would have wanted.”

The class will help owners of farms and small businesses begin creating a plan to transfer a farm or business to the next generation. Topics include goal-setting, assessing the strengths and weaknesses of a farm or business, the probate process in Missouri, estate planning tools and calculating retirement needs.

Program sites:

  • Schuyler County Courthouse Basement, 110 W. Washington St., Lancaster.
  • Moberly City Municipal Conference Room, 204 N. Clark St., Moberly.
  • Audrain County Courthouse Basement Community Room, 101 N. Jefferson St., Mexico.
  • MU Extension Center in Benton County, 100 W. Washington St., Warsaw.
  • MU Extension Center in Lafayette County, 14 E. 19th St., Higginsville.
  • MU Extension Center in Harrison County, 1505 Main St., Courthouse Basement, Bethany.
  • Nodaway County Administration Building Meeting Room, 403 N. Market, Main Level Meeting Room, Maryville.

Preregistration is required by 5 p.m. Monday, Jan. 18. Cost is $110 per individual and $60 for each additional person from the same business. The cost includes a handbook with case study examples and templates for planning. A light meal will be served each night.

 

For more information, contact Campbell at 660-457-3469 or campbelld@missouri.edu(opens in new window).


 

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