Learning Options:

Live webinar with chat
includes 60 day replay
9:00 am – 10:30 am (Pacific)
10:00 am – 11:30 am (Mountain)
11:00 am – 12:30 pm (Central)
12:00 pm – 1:30 pm (Eastern)
1:00 pm – 2:30 pm (Atlantic)
1:30 pm – 3:00 pm (Newfoundland)

*This program features real-time video of the presenter with synchronized presentation slides, and a chat feature that allows for live Q & A. SK attendees please verify whether you align with Central (MB) or Mountain (AB) time based on season and location.

Groups Save!

Register 3+ attendees and save up to 25%. See our group discounts here. Contact jennifer@seminarpartners.ca.

Technical Information:

Live webinars allow you to view faculty, see their presentation slides, and ask questions by chat. You will need a current web browser (Chrome (Chrome works best), Safari, Firefox), a wired (better than wireless) connection to the Internet of at least 2 Mbps. You can test your internet speed/bandwidth here. If you miss the live program, you can access the archive, at your convenience, for 60 days.

Who Should Attend

All lawyers whose practice includes estate planning and administration, particularly those who advise farm families or clients with agricultural property or farming businesses, will benefit from this program.

About the Program

For many families, the farm is much more than a business. It may represent generations of work, significant family wealth and a way of life clients hope to pass on to their children. But successfully transitioning a family farm requires careful coordination of estate, business and tax planning — and the tax rules that apply to farming are very different from those that apply to other businesses and assets. This program, with experienced farm tax and succession planning lawyer Mona Brown, will provide a practical guide to the issues lawyers need to understand when advising clients on farm succession planning. Topics will include determining whether property qualifies for special farm tax treatment; the capital gains exemption and other tax planning opportunities; lifetime and intergenerational transfers; planning where one child farms and others do not; equalization and financing; and coordinating the client’s will, ownership structure and tax plan. Along the way, Mona will address the practical questions that can make or break a succession plan: Who wants to farm? Can the farming child afford to take over? How can non-farming children be treated fairly without jeopardizing the operation? Don’t miss this opportunity to better understand the unique tax and succession planning issues facing farm families and help clients develop a plan that reflects their goals for the future of the farm.

Schedule (Eastern)

12:00 pm - 1:30 pm

Welcome and Introduction

Why Farm Succession Planning Is Different

Understanding the Special Tax Rules for Farming

Qualified Farm Property & the Capital Gains Exemption

Lifetime and Intergenerational Transfers

The Farming Child and the Non-Farming Children

Equalization and Financing the Succession

Coordinating the Estate, Business & Tax Plan

Program Wrap-up and Evaluation

Praise from Past Programs

“Good practical info. I do a lot of this work and found it very useful.”

“Excellent coverage of the topic. Right on point.”

“Very helpful program, appreciated all the practical examples.”

“Very informative and much better and more comprehensive than expected.”

“Terrific program. A lot of useful information in a short time. Well done.”

“Practical, thoughtful presentation. A good refresher and update to my practice in estates.”