Creating and Updating Succession and Estate Plans with Allan Vyhnalek

Ask any farm transition professional about how many farmers and ranchers have an estate plan or an up-to-date succession plan in place, the answer will often be half, or less than half. While there may be a number of reasons for these numbers, those same farm transition professionals will all agree on the same point: that estate and succession planning is a necessity. Allan Vyhnalek, an extension educator for farm and ranch succession and transition at the University of Nebraska-Lincoln, offers some simple steps that farmers and ranchers can take now with their families to put together these plans. Read more at https://cap.unl.edu/succession/farm-succession-planning-why-and-how.