You value your forest and/or farmland for multiple reasons such as wildlife, privacy, recreation, timber, hunting or the scenic qualities. Are you prepared to pass the environmental and heirloom values rooted in your forest to the next generation? Without breaking it up?
The cost of not planning is “priceless” and future tax burdens may put your land’s ownership in jeopardy. If you don’t plan, the Government will plan for you. By researching and planning ahead of time, you can ensure your wishes are met and minimize the financial costs and emotional challenges while securing your woodland legacy! Please join us for a hands-on workshop with free legal guidance from professionals experienced in intergenerational land transfer and landowner testimonials of estate planning steps and strategies they have used.
Land may be your biggest asset. Make sure your actions support the family’s values. This award winning and nationally recognized program will get you started on the right path.
Speakers include legal and financial experts experienced in estate planning as well as natural resource professionals who work with landowners to conserve land and plan the future.
TBA in 2014
|12:30||Welcome and Introductions||Adam Downing|
Building the Base
- Resource perspective
Peter Callan (VCE, Farm Business Mgmt. Agent)
|2:00||Your Family and Your Woodland Legacy: The Heirloom Scale||Ties DVD|
Panel: Overview of planning componets
- Legal tools of owning and passing land
Julie King, Attorney
- Land Conservation options
Rex Linville (PEC, Land Conservation Officer)
Becky McCoy, CPA
|4:45||Panel Q&A||Panelists and Participants|
An Estate Planning Story:
- Family Wealth: Preservation and Posterity
Michael Lachance (VCE, Agricultural Agent)
Day 1 wrap-up
- Old McDonald Sold the Farm
- Homework assignment
|Welcome and Recap|
|12:35||Ties to the Land: Cautionary Tales||Ties DVD|
Planning Prospects: Preparations and Probabilities
|1:20||Selecting your Professional Advisors||Jim Ballard|
Landowner Case Studies:
- Equity, Burden and Costs/Savings
Julie King and Becky McCoy
(20 minutes each)
“In their own words”, Landowners:
|Landowner Testimonial – “Succession Happens” What would happen to your woodland legacy?||Ties DVD|
|Day 2 wrap-up|
- Forest Story Cards
VDACS and revenue from VA
Northern District Forestry and Natural Resources Extension Program
* Hard copies of the indicated resources will be provided to short-course participants, subject to availability.