November 11, 2008

Workshop to highlight estate and business transfer planning

There are two opportunities to participate in the workshop. One will be in two parts on Nov. 17 and 20 from 6:30-9:30 p.m. and another will be on Nov. 21 from 8:30 a.m. to 3:15 p.m. Both sessions will be at Purdue University's Beck Agricultural Center in West Lafayette, Ind.

Gerry Harrison, Purdue Extension agricultural economist and lawyer, will present information on basic and complex implications of various property ownership arrangements of estate and tax planning and transfer. 

"The emphasis will be on helping participants understand tax minimization and how to completely avoid federal estate tax by following the law with the use of charitable transfers, including farmland conservation easements," Harrison said.

Other topics include living wills, health-care authority, wills, being without a will, implications of income, gift and estate and Indiana inheritance tax, as well as business organization choices.

Harrison also will review methods of avoiding probate, including beneficiary designation, joint ownership, gifts, trusts and remainder interests.

Registration for the workshop ends Friday (Nov. 14). For more information, contact Harrison at (765) 474-4216, harrisog@purdue.edu, or the Purdue Extension Office in Tippecanoe County. For registration, go to https://www.agecon.purdue.edu/extension/programs/index.asp.

Writer: Elizabeth Fritz, (765) 494-8402, elfritz@purdue.edu

Source: Gerry Harrison, (765) 494-4216, harrisog@purdue.edu

Ag Communications: (765) 494-2722;
Beth Forbes, forbes@purdue.edu
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