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Master Tree Farmer Mini series Program

South Carolina Master Tree Farmer brochure(example brochure for other States )

A Special Master Tree farmer Program will be held February 20 , 27 and march 6 , 2007.

FEBRUARY 20, 2007: SESSION ONE: INTRODUCTION AND OVERVIEW

SPEAKERS: George D. Kessler, Sarah L. Clingman, Thom J. McEvoy

SELF EVALUATION –
        Is the title to your property marketable? Insurable?
        In whose name is your property titled? Is it heirs’ property?
        Your family structure - children and relatives
        Family interest in the future of the property – None, Some, Interested
        Elder law issues – financial status, physical health, special needs heirs

BASICS ON HOW REAL ESTATE PASSES
       Fee Simple Title
       Conveyances of property interests (deeds, mortgages, deeds of trust)
       Life Estates, easements, licenses & other conveyances of less than
      fee simple title
    Who may prepare documents affecting title

BASIC ESTATE PLANNING
       Death planning using Wills and Trusts
       Disability planning - durable powers of attorney and advance medical directives
       The alternative: Intestacy – know what your state law provides

OPTIONS
       Intergenerational Transfer
               Traditional estate planning mechanisms: wills and trusts
               Non-traditional mechanisms: Traditional Corporations and LLCs
               Family Limited Partnerships
               Generation Skipping
     Protecting and preserving your property for future generations                 Conservation Easements
                Restrictive Easements running with the land
       Charitable Giving
                Use of Trusts

CASE HISTORIES – WHAT OTHERS HAVE DONE

STEPS FOR SUCCESSFUL SUCCESSION
      Forest property and estate overview
            Owner values and goals
            Comprehensive and complete Estate Plan
       Scheduled periodic reviews and revision as needed
            Homework

FEBRUARY 27, 2006: SESSION TWO – STRATEGIES FOR SUCCESS

SPERKER: Clinton J. Bentz

INTERGENERATION TRANSFER
      The heirloom scale
      Member values and goals
      Family meetings
      Team of advisors
      Strategies for success
      Generation skipping
      Legal and financial instruments
      Calendar reminders

MARCH 6, 2007: SESSION THREE – STRATEGIES FOR SUCCESS

Speakers: Yancey McLeod, Keith D. Barber, Sarah L. Clingman, Clinton J. Bentz, Thom J. McEvoy, another speaker

CONSERVATION EASEMENTS
      Values and goals
      Conservation easement vehicles
            Traditional Easements
            Special Conditions
       When is a conservation easement appropriate?
             Tax considerations
                    Income tax deductions available
                   Estate tax benefits
              Effect of easement on future ownership of property
        Holders of conservation easements
              Criteria for taking a conservation easement
               Tax consequences
               Cautions and considerations

CHARITABE GIVING
         Values and goals
         Mechanisms:
              Outright gift of property
               Charitable Remainder Trusts
               Testamentary gift
                Lifetime gift of conservation easement
          Methods of gifting concerning property
          Pension protection act of 2006


STATE OPTIONS – EACH STATE CAN SHOWCASE THEIR STATE

COMBINATIONS OF STRATEGIES

EVALUATING AND CHOOSING YOUR OPTION

WORKSHEETS

ADDITIONAL INFORMATION – RESOURCES AND TOOLS

In some states program dates will vary. Check with your state coordinators for dates in your state.

STATE COORDINATORS for this program