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YOUR FARM, YOUR LEGACY - ESTATE PLANNING

Extension Education

Carla Vaught
CEA-STAFF CHAIR
U OF A COOPERATIVE EXTENSION
MENA

Abstract

The complicated burden of taxes and property transferance is often overwhelmeing for landowners faced with the loss of a family member. Lack of knowledge about the importance of planning to protect the assets of the farm or land can lead to loss of land that has been in the family for several generations.Surveyed landowners in the Howard/Polk/Sevier County area indicated that they needed education on estate planning. In order to meet the indicated need for residents of the counties, two sessions of a two-night estate planning seminar were planned for landowners in the tri-county area. Topics covered in the program were: Getting Started on an Estate Plan; Probate, Trusts, and Farm Transfer; Taxes and Longterm Care; Transfer of Non-titled Property; and Planning Ahead for End of Life. Eighty-four individuals participated in the two sessions. Overwhelming results of the evaluation indicated that all participants increased knowledge about the topics as well as started plans to develop estate plans/wills/end of life directives.  Actual adoption of the practices will be measured by personal survey in July and March of 2014 and 2015, twelve months post seminar for each session.

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Poster has NOT been presented at any previous NACAA AM/PIC

This poster is being submitted for judging. It will be displayed at the AM/PIC if not selected as a State winner. The abstract will be published in the proceedings.

A poster file has not been provided

Authors: C. * Vaught, S. Beaty-Sullivan, R. Herring, J. Ince, K. Hughes, L. Connerly,
  1. * Vaught, C. CEA-STAFF CHAIR - AGRICULTURE, U OF A COOPERATIVE EXTENSION, Arkansas, 71953
  2. Beaty-Sullivan, S. CEA - AGRICULTURE, U OF A COOPERATIVE EXTENSION, Arkansas, 71852
  3. Herring, R. CEA-STAFF CHAIR - AGRICULTURE, U OF A COOPERATIVE EXTENSION, Arkansas, 71832
  4. Ince, J. CEA - STAFF CHAIR - FCS, U OF A COOPERATIVE EXTENSION, Arkansas, 71852
  5. Hughes, K. CEA - FCS, U OF A COOPERATIVE EXTENSION, Arkansas, 71953
  6. Connerly, L. ASSISTANT PROFESSOR - FAMILY AND CONSUMER SCIENCES, U OF A COOPERATIVE EXTENSION, Arkansas, 72204
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