Managing for Today and Tomorrow - University Of ?· Managing for Today and Tomorrow Tentative Agenda…

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  • Managing for Today and Tomorrow Tentative Agenda

    September 4th Session 1 Succession Planning transfers knowledge, labor, management, and ownership over time. Explore communication barriers that hold back succession planning. Understand the difference between fair and equal. Business Planning determines what makes up the farm business and intentions for the future. Understand why personal and farm finances are important for business management, succession, and retirement. Learn how a business plan can be used for a farm business development and/or transition.

    Class introductions

    Introduction to Succession Planning

    Communicating with Generations Tom Hutson, UME

    Managing for Today and Tomorrow slides and class exercises

    Lunch and discussion

    Introduction to Business Planning

    Business planning speaker Cara Sylvester and Lisa Daffin, MidAtlantic Farm Credit

    September 11th - Session 2 Retirement Planning prepares the established generation with the means and desire to hand over responsibilities. Develop individual retirement definitions and goals. Investigate retirement options and explore sources of retirement income

    Follow up discussion of previous class

    Introduction to Retirement Planning

    Tax Considerations Henry Leonard, CPA, CBIZ

    Lunch and discussion

    Managing for Today and Tomorrow slides and class exercises

    Retirement planning goals Karen Baer, Financial Planner, Triton Wealth

    September 18th - Session 3 Estate Planning reflects the intentions of the established generation. Understand key estate planning terms, tools, and concepts. Begin assembling estate information.

    Follow up discussion of previous class

    Introduction to Estate Planning

    Estate Planning Options Ann Goodman, Attorney

    Lunch and discussion

    Managing for Today and Tomorrow slides and class exercises

    Ag Law Topics - Farm Estate Planning Topics, Lease Agreement, Property Rights Ashley Newhall, University of Maryland

    Graduation, Class Photo, Evaluation The University of Maryland Extension programs are open to any person and will not discriminate against anyone because of race, age, sex,

    color, sexual orientation, physical or mental disability, religion, ancestry, national origin, marital status, genetic information, political affiliation, and gender identity or expression.

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