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Are You a Farmer or Rancher Over 18? It’s Time for an Estate Plan

Often, the risk of failure for a farm or ranch caused by the death or disability of a young person is much greater than the loss of an older member of the operation. The loss of a young person is usually unexpected. Young people are often not as financially stable, have young families, and provide the bulk of manual labor. Estate planning is something anyone over the age of 18 should do, regardless of how little or how much they have in assets.

Before you meet with your estate planning attorney, ask yourself the following questions:

  1. If I am unable to make financial or business decisions, who do I trust to make them for me?
  2. If I am unable to make healthcare decisions for myself, what type of care do I want and who do I trust to make these decisions for me?
  3. If I die today, what do I want to happen to my stuff?
  4. If I die today, what are my family's financial needs?
Source : unl.edu

Trending Video

There’s a Whole Barn Buried Under This Field Now

Video: There’s a Whole Barn Buried Under This Field Now

There's old hog barns under that field now. The old hog barn site on the farm has been sitting there for decades, and this is the week it finally came out: concrete pad, burn pile, charred lumber, all of it loaded into a CAT 725C rock truck and buried in a pit we dug back in the timber.

Tork's been waiting his whole life to drive one of these, so he gets the keys to a 50,000 pound rock truck and I ride shotgun. The excavator loads, the dozer clears the timber, the drone shows the whole site from above, and by sundown there's nothing left of the old place but a smooth patch of dirt. It's a weird feeling erasing something that was here before either of us, but the farm has to keep moving.