A two-part succession planning workshop for farmers is set for March 6 and 13 in Everett, Wash., targets helping producers preserve their family farms and associated businesses.
The Washington State University Snohomish County Extension Service program will be held in the Cougar Auditorium, 600 128th St., SE from 5 p.m.-9 p.m. on both days. Dinner is provided in the classes which cost $50 per family farm, which also has workbooks for the class members.
"Talking about these tough issues as a family is critical, especially when multiple heirs with varying levels of interest in the family business are involved," says Don Theoe, a participant in the classes and local landowner. "The 'Ties to the Land' workshop and associated materials provide excellent guidance on how to get these conversations going."
Succession planning, often called "the human aide of estate planning," is quite different and considered to be a precursor to a traditional estate plan. The focus is on communication and big-picture planning within families with an eye to keeping a property or business intact for future generations.
Building awareness of the different things motivating family members, while providing tools to address challenges in a positive way, is the core of the workshop.
Guest speakers include Amy Allison, an estate planning attorney form Anderson Hunter law firm in Everett. Her areas of practice include estate and trust planning, elder law, probate administration, guardianship, real estate transactions, business formation and transactions, and business succession planning.
Michelle VanDellen, a certified public accountant with Moss Adams, works with family owned businesses, partnerships and food and ag related enterprises.
To register for the class, visit http://www.brownpapertickets.com/event/565523 or download the form at http://snohomiosh.wsu.edu and mail it in with a check. For course information, contact Holly Thompson at firstname.lastname@example.org, or call her at (425) 357-6022.