Estate planning: It’s more than just a will

Passing on the farm or ranch to the next generations isn’t as easy as it used to be, but with the proper tactics, it can still be done. This edition of the Beef Roundtable explores the ins and outs of how to keep the ranching heritage alive.

 

Estate and succession planning is a topic that every farm, ranch, and family business needs to take seriously. Passing the farm and ranch heritage is a privilege, but it comes with challenges of careful planning to ensure smooth and sustainable transition. In agriculture, we have many things that we cannot control, such as the weather and prices, but we do have control over one thing – the future of our family business.

This edition of the Beef Roundtable explores the ins and outs of proper estate planning with Cari Rincker and Paige Pratt.

Cari Rincker is owner of Rincker Law PLLC, a national general practice law firm concentrating in food and agriculture law with offices in New York and Illinois. She has deep roots in agriculture growing up on a purebred Simmental operation in Illinois and gaining both a B.S. degree at Texas A&M and M.S. in ruminant nutrition from the University of Illinois before going to law school.

Paige Pratt earned a BS in animal science, an MS in educational leadership, both from Kansas State University, and a PhD in animal science from Texas Tech. She and her husband own and operate Pratt Cattle Company, a purebred Angus cattle operation in Virginia and she has personally experienced a family farm transition. Paige is a nationally recognized speaker on not only this topic, but also other thought-provoking, fun and engaging ag related topics.

The Beef Roundtable is a joint project with BEEF and Purdue University. It’s a monthly video podcast that features some of the top leaders in the beef industry co-hosted by Ron Lemenager, Extension beef specialist at Purdue University and BEEF Senior Editor Burt Rutherford.

In addition to being available on beefmagazine.com, the sessions can be viewed at www.beefroundtable.com, on the Beef Roundtable YouTube channel and iTunes.

https://vimeo.com/241626256

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