Tax seminar could benefit area families

Estate taxes are a major problem for ranch owners’and their heirs. Dr. Wayne Hayenga, an attorney with Texas Cooperative Extension, will hold a ranch estate planning seminar on Aug. 6 and 7 in conjunction with the “Annual Beef Cattle Short Course” which will be held Aug. 4-6. The seminar will be held from 10 a.m. until 4:30 p.m. on Aug 6 and on Aug. 7 from 8:30 a.m. until 12 noon. It will be held at the College Station Conference Center. Topics covered will include the basic tools of estate planning: wills, living trusts and powers of attorney. Most of the time, however, will be spent on income and estate tax saving plans for ranching families. Irrevocable trusts, generation skipping trusts, bypass trusts, property ownership, community/separate property, special use valuation for ranches, partnerships and corporations will be discussed in the context of the gift and estate tax rules. Dr. Hayenga delivers a top-notch educational program emphasizing key points with an entertaining style illustrating estate and income tax law provisions with practical examples that make learning a pleasure. His teaching makes full use of his broad background and practical experience as a farmer, banker and lawyer. Registration fee is $100 per person. It includes seminar materials, lunch on Wednesday as well as refreshment breaks. For more information, call Sharon at (979)845-2226, fax (979) 847-9374 or email: s-wehring@tamu.edu (send a fax number and a copy of the brochure will be returned via fax).

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