COLLEGE STATION — Estate planning seminars sponsored by the Texas Agricultural Extension Service are available to help farmers and ranchers find the cheapest, easiest and most efficient way to pass along an estate to the next generation.
“Primarily what we are trying to do is help farmers and ranchers coordinate the orderly, most tax-efficient way of transferring a farming and ranching business to their loved ones if they should choose to continue the family business,” said Dr. Wayne Hayenga, an Extension economist in College Station.
This year, there is an extra seminar due to high demand. The seminars are as follows: March 3-4 in College Station, March 11-12 in Amarillo, March 15-16 in San Antonio, March 22-23 in Tyler and March 31-April 1 in Abilene.
There are certain tools used in estate planning.
“Tools are the legal pieces of paper used to avoid, eliminate or defer taxes,” Hayenga said.
He said this can involve a will, a trust or even forming a partnership or corporation. The estate planning seminars explain different solutions to a variety of situations.
Hayenga gave his first estate planning seminar 17 years ago and said there is a better turnout each year.
“We would like to have people register ahead of time so we can make preparations and adequate copes of the materials,” Hayenga said. “However, we do take walk-ins.”
For further information, please contact Dr. Wayne Hayenga at (409) 845-2226.