. Agricultural societies newsletter. Agriculture. FARM ESTATE PLANNING A FAMILY AFFAIR What would happen to your family and your farm if you died tomorrow? While this is a question most people don't like to ponder, it raises issues that every farm family should consider. Farm estate planning isn't easy but it is necessary. That is why Alberta Agriculture is releasing a new home study course this fall entitled "Farm Estate Planning - A Family ; The course is designed to encourage farm families to plan for and make decisions about their future. It provides information so that fa
. Agricultural societies newsletter. Agriculture. FARM ESTATE PLANNING A FAMILY AFFAIR What would happen to your family and your farm if you died tomorrow? While this is a question most people don't like to ponder, it raises issues that every farm family should consider. Farm estate planning isn't easy but it is necessary. That is why Alberta Agriculture is releasing a new home study course this fall entitled "Farm Estate Planning - A Family ; The course is designed to encourage farm families to plan for and make decisions about their future. It provides information so that families will be equipped to deal know- ledgeably with the professionals who should be involved in drawing up an estate plan. The course has eight chapters, each dealing with a different aspect of estate planning. It comes in a three-ringed binder with additional supplemental material. designed something available cassette. $; additional An optional video cassette, to motivate families to do about estate planning, is for the price of a blank The fee for the course is for the optional video, an $ The main points of estate planning are covered in the course: security of income during retirement, continuity of the farm family business, equitable distribution of your estate to the next generation, and minimization of taxes and estate settle- ment costs. The authors of the course are experts in different areas. The first two chapters, which discuss why an estate plan is nec- essary and retirement, were written by a home economist with special adult education skills. The chapters on financial planning and investment basics are by a chartered financial planner. Alberta Agriculture's farm tax specialist wrote the chapter on income tax and property transfers. The last three chapters were written by one of Alberta Agriculture's lawyers. One of these chapters discusses farm business arrange- ments. Another looks at estate planning considerations and discusses such issues as parent
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