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Estate Planning for the Family Farm 2022 - 1 CLE

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Estate Planning for the Family Farm

1 CLE


Agriculture is a huge part of Indiana’s heritage. According to the Indiana State Department of Agriculture, more than $4.6 billion of Indiana’s agricultural products are exported throughout the world. In fact, Indiana’s agriculture brings in approximately $31.2 billion a year to Indiana’s economy. Even more impressive, as of 2019, 96% of Indiana farms are still family-owned or operated.


This is where we, as elder law attorneys and estate planners, can assist and support our local farmers.


Just like our clients who come in and want to protect the family home that their parents or grandparents built, our farmers want to be able to protect the family farm that has been passed down from one generation to another.


TOPICS:

Estate Planning Questions and Concerns

  • Power of Attorney Authority

  • Distribution of Estate

  • Granting one beneficiary the right of first refusal

  • Reviewing the farm lease agreement

Medicaid Treatment of Farms / Businesses

  • Treatment of Farm / Business for Medicaid Eligibility

  • Medicaid Estate Recovery

  • The State's Use of Liens

Protecting the Farm / Business

  • Irrevocable Income Only Trust

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FACULTY:

Anna M. Howard

Severns & Howard, P.C., Carmel



ICLEF • Indiana Continuing Legal Education Forum, Indianapolis, IN • Indiana's Premier CLE Provider



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