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Extension workshop features estate planning

Published on -3/6/2014, 3:49 PM

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Planning for the future is vital for families who want to preserve assets for the next generation.

K-State Research and Extension will offer the workshop "Preserving the Family with Estate Planning" to aid families in beginning the process of transitioning from one generation to another. The workshop will be in two locations: March 13 at the Immanuel Lutheran Church in Hoxie, and March 14 at Thirsty's Banquet Room in Hays. Workshop hours are 10 am to 3:30 p.m., with registration opening at 9:30 a.m. The cost for the workshop is $15, due by March 7, and includes program handouts, refreshments and lunch.

Hays attorney Stacey Seibel will open the program with "Estate Planning Basics," featuring information about what to do and what not to do when creating an estate plan and how to prepare for a visit to an attorney about estate planning.

Charlotte Shoup-Olsen, K-State Research and Extension's family studies specialist, will speak on the importance of family communication. Her presentation, "Get the Family Talking," will help participants understand family dynamics, how communication can help or hinder long-range planning and to re-think ways of interacting in order to create a positive atmosphere.

The transfer of non-titled assets, like Grandma's quilts or Grandpa's shotgun, will be the subject of Kathy Lupfer-Nielson's session "Who Gets Grandma's Yellow Pie Plate?" This presentation will help participants understand the sensitivity of transferring meaningful personal property and how families can accomplish this in a fair process. Lupfer-Nielsen is with the K-State Research and Extension Post Rock District in Lincoln.

Doug Beech, Kansas 4-H Foundation Planned Giving Officer, will give an overview of the major tools that will allow individuals to preserve and pass on their values through their estate plan. Some techniques might be familiar and some might be new and different. Beech's session, "Leaving a Legacy," will be helpful for those considering making charitable estate gifts and also for charities and charity board members interested in learning about these options.

Michael Irvin from Kansas Farm Bureau Legal Foundation will present the final session of the day on "Farm Transition Planning." This session explores how essential succession planning is to keeping the farm in the family.

The workshop registration brochure is available on the Ellis County Extension Office website at www.ellis.ksu.edu, or your can contact us for more information at (785) 628-9430.

Registration and fees are due postmarked by March 7 to Diann Gerstner, Thomas County Extension office in Colby, (785) 460-4582. To register and pay in a simple online process, go to www.northwest.ksu.edu under events.

Late registration (after March 7) or at the door is $20, however, the meal cannot be guaranteed for those who register late. Space is limited, so early registration is advised.

Linda Beech is a Kansas State University Research & Extension agent in Ellis County specializing in family and consumer sciences.

lbeech@ksu.edu

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