Farmers estate planning workshop planned

Friday, Nov. 6, 2009

The Southern Maryland Agricultural Development Commission will host a free advanced estate planning workshop 6 p.m. Nov. 9 in the Southern Maryland Electric Cooperative auditorium at 15035 Burnt Store Road in Hughesville.

The program is the second in a series of four workshops specifically designed to benefit the region's agricultural and farm business community, according to a release.

The workshop will stress the importance of estate planning to protect the family farm and financial assets from excessive taxation.

Topics include selling or keeping the farm business in the family, transferring assets within the family, preparing the family for the transfer of assets including business structures, protecting and growing money, philanthropy and what makes an effective financial team.

Wealth Management Partners and Edward Pennfield, an attorney from Bank of New York Mellon, will make presentations at the workshop.

Registration is requested by today, Nov. 6. For more information on future workshops or to RSVP, contact SMADC at 301-274-1922. In case of inclement weather, call 301-274-1922, ext. 29 to hear a recording on cancellations. For more information on related programs, go to the SMADC Web site at www.smadc.com.