Succession Planning Summit
Location
Hyatt Place Champaign/Urbana
217 N Neil St
Champaign, IL
217 N Neil St
Champaign, IL
Date & Time
October 10, 2024
Join Illinois Farmers Union and American Farmland Trust for this special one-day farm succession planning summit. Whether you're planning for your farm's legacy or looking to establish your roots, this event will help you navigate the challenges in succession planning from all angles. Participate in hands-on workshops designed to address specific challenges faced by family farmers:
Legal Considerations: understand the legal frameworks involved in succession planning such as wills and trusts, and the relevant laws and regulations that may affect the transfer of ownership and assets.
Estate Planning and Tax Strategies: learn how to pick the best transfer and asset protection tools for your situation in order to minimize tax liabilities
Family Communication and Conflict Resolution: learn the best practices for facilitating effective communication, how to address potential conflicts, and how to foster a collaborative approach to decision-making.
Conservation Options: your farmland is more than a business; land protection and estate planning go hand-in-hand. Learn about the various land protection options that can be integrated into your estate planning process.
You should attend if...
- You are an established farmer preparing for a generational transition
- You are a young farmer preparing to inherit your family operation
- You are a new farmer
Contact Lisa Buckner at [email protected] with any questions regarding this event.
Legal Considerations: understand the legal frameworks involved in succession planning such as wills and trusts, and the relevant laws and regulations that may affect the transfer of ownership and assets.
Estate Planning and Tax Strategies: learn how to pick the best transfer and asset protection tools for your situation in order to minimize tax liabilities
Family Communication and Conflict Resolution: learn the best practices for facilitating effective communication, how to address potential conflicts, and how to foster a collaborative approach to decision-making.
Conservation Options: your farmland is more than a business; land protection and estate planning go hand-in-hand. Learn about the various land protection options that can be integrated into your estate planning process.
You should attend if...
- You are an established farmer preparing for a generational transition
- You are a young farmer preparing to inherit your family operation
- You are a new farmer
Contact Lisa Buckner at [email protected] with any questions regarding this event.
Schedule
10:00 AM
Welcome and Introductions
Illinois Farmers Union and American Farmland Trust welcome you to this Succession Planning Summit! We'll do introductions and set the stage: what's on the horizon in farm transitions, and how will it affect incoming and exiting farmers?
10:30 AM
Overview of Succession, Transfer, and Transition
Presented by American Farmland Trust
11:30 AM
Easement Tools that Support Transfer
Presented by American Farmland Trust
12:30 AM
Lunch
1:30 pM
Financial Implications of Farm Transfer
Presented by Farm Credit and Illinois Farm Business Farm Management
2:30 pM
Wrap-Up
Afternoon
Optional Happy Hour!
Join us for happy hour at Pour Bros. Craft Taproom (40 E University Ave, Champaign, IL) to continue the conversations and enjoy some libations!
Location
Illinois Farmers Union has a room block at this hotel. If you would like to book a room at this event, please contact Lisa Buckner: [email protected].
Illinois Farmers Union advocates for family farmers and their communities through cooperation, legislation, and education. ILFU is a division of National Farmers Union. With over 300,000 members across the United States, the Farmers Union vision is of a world in which farm families and their communities are respected, valued, and enjoy economic prosperity and social justice.
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