Legal, Insurance, Business Stucture
Fence laws, liabilities, and insurance needs
Selling Home Produced Foods that Use Fresh Fruit: Know the Laws
Cultivating Connections Conference for Farm Transition Planners
OSU Extension to Hold “Planning for the Future of Your Farm” Webinar Series in 2023
OSU Extension will be hosting a four part “Planning for the Future of Your Farm” webinar series on January 23 and 30 and February 6 and 13, 2023 from 6:30 to 8:00 p.m. This workshop is designed to help farm families learn strategies and tools to successfully create a succession and estate plan that helps you transfer your farm’s ownership, management, and assets to the next generation.
Topics discussed during this series include: Developing Goals for Estate and Succession; Planning for the Transition of Management; Planning for the Unexpected; Communication and Conflict Management during Farm Transfer; Legal Tools and Strategies; Developing Your Team; Getting Your Affairs in Order; and Selecting an Attorney.
The instructors for this series will be:
Robert Moore, Attorney with the OSU Agricultural & Resource Law Program. Prior to joining OSU, Robert was in private practice for 18 years where he provided legal counsel to farmers and landowners.
David Marrison, OSU Extension Field Specialist, Farm Management. David has worked for OSU Extension for 25 year and is nationally known for his teaching in farm succession. He has a unique ability to intertwine humor into speaking about the difficulties of passing the farm on to the next generation.
Because of its virtual nature, you can invite your parents, children, and/or grandchildren (regardless of where they live in Ohio or across the United States) to join you as you develop a plan for the future of your family farm. Pre-registration is required so that a packet of program materials can be mailed in advance to participating families. The registration fee is $75 per farm family. Electronic copies of the course materials will also be available to all participants. The registration deadline is January 16, 2023.
OSU Extension appreciates the support of the Ohio Corn & Wheat Growers Association in sponsoring the mailing of these materials.
More information and on-line registration can be obtained at go.osu.edu/farmsuccession
Informational brochure
More information about this program can be obtained by contacting David Marrison at marrison.2@osu.edu or 740-722-6073.
Like Kind Exchange Basics
Many people are familiar with a Like-Kind Exchange (LKE) as a strategy to potentially save taxes on the sale of real estate. While it is true LKEs can be used to defer significant taxes, the process required to implement LKEs it often not well understood. The following are answers to a few of the more common questions about LKEs. A better understanding of LKEs may help you determine if a LKE may be an option for your next real estate transaction.
Long-Term Care Insurance
For people who are concerned about potential long-term care (LTC) costs, LTC insurance may be an option. Several insurance companies sell these policies that pay out to cover some or all LTC costs. There are many different types of policies and coverages available. For example, some coverages may start soon after LTC is needed while some coverages will […]
Noxious Weeds and Neighbors
Did you know yellow grove bamboo is on Ohio’s “noxious weeds” list? We’ve seen an increase in legal questions about bamboo, a plant that can cross property boundaries pretty quickly and create a neighbor dispute. Weeds often cause neighbor issues, which is why Ohio has a set of noxious weed laws. The laws aim to […]
Power of Attorney Documents
When going through the estate planning process, determining and implementing the terms and conditions of the will or trust consume the most time. However, some thought and consideration should be given to the Power of Attorney (POA) documents that are typically completed at the same time as the will or trust. The POA documents designate who may act on behalf of someone who is alive but unable to act for themselves. These documents are very important, especially for those people who are operating farms and businesses. Read more here…
OSU Income Tax Schools 2022- Two-Day Tax Schools for Tax Practitioners & Agricultural & Natural Resources Income Tax Issues Webinar
Tax provisions related to new legislation as well as continued discussion related to COVID-related legislation for both individuals and businesses are among the topics to be discussed during the upcoming OSU Income Tax Schools offered throughout Ohio in October, November, and December.
The annual series is designed to help tax preparers learn about federal tax law changes and updates for this year as well as learn more about issues they may encounter when filing individual and small business 2022 tax returns.
Will or Trust?
A common question when starting the estate planning process is: do I need a will or trust? There are a number of factors that must be considered before this question can be answered. A trust is a common estate planning tool but not everyone needs one. Oftentimes, the best plan includes only a will. The following are […]
by Robert Moore, Attorney, OSU Agricultural & Resource Law Program