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Seminar to help farmers with estate and succession planning

Published May 1, 2013

URBANA - The University of Illinois Tax School is offering a one-day seminar on estate and succession planning on Monday, June 24, at the Marriott Hotel and Conference Center in Normal.

“The seminar is designed for hard-working family farmers,” said Gary Hoff, associate director of the U of I Tax School. “A team of farm estate and succession planning experts will give presentations that will cover the pros and cons of various entity choices available to farmers. They’ll also provide expert advice on gifting, establishing the correct type of trust, and how to finance retirement,” he said.

The presenters include farm consultants, CPAs, tax attorneys, and a certified financial planner.

“They will address recent changes in estate tax legislation, and clarify estate tax terminology,” Hoff said. “The seminar will highlight critical and timely issues that every successful farmer should know to sustain their business well into the future.”

The day will begin with a continental breakfast at 7:30 a.m. Instruction is from 8:30 a.m. to 4:30 p.m.

The cost to attend the seminar is $40 per person, which includes seminar materials, the continental breakfast, and lunch. Parking in the hotel garage is free. Advance registration is required.  Seminar and registration information are available at www.taxschool.illinois.edu/legacy.  For questions, contact the U of I Tax School at 217-333-0502.

The seminar is co-sponsored by the U of I Tax School and Farm Credit.