Agenda / Content Covered

Session Time: 1:00 PM - 2:30 PM Eastern
Presented by: Prof. Roger A. McEowen

• Introduction
• Legislative Update on Status of Transfer Tax System
  • Planning Implications
• Farm Residence Forms of Ownership and Associated Risks
  • Corporate-Owned Residence
  • Meals and Lodging
  • Rental Situations
• Top Transfer Methods and Their Pitfalls and Vulnerabilities
  • Outright Sale
  • Gift to Family Members
  • Split the Farm
  • Gradual Transfer - Installment Sale
• Third Party Business Interests in Farm Succession Plans
  • Planning Implications
• Inequities of On- and Off-the-Farm Heirs
  • Possible Solutions
• Long-Term Care Challenges
  • Planning Strategies
• Key Estate Administration Concerns
  • Tax and Non-Tax Issues for Estates and Beneficiaries

Accreditation Details:

PROF. ROGER A. McEOWEN is the Kansas Farm Bureau professor of agricultural law and taxation at Washburn University School of Law, in Topeka, Kansas. Through 2015, he was the Leonard Dolezal professor in agricultural law at Iowa State University in Ames, Iowa, where he was also the director of the ISU Center for Agricultural Law and Taxation (CALT), which he founded. Under his leadership, CALT utilized no taxpayer funds in its operations and fully funded staff salaries and benefits, as well as office rent, equipment and supplies, and travel costs from funds generated by seminars and other education-related events and materials. At ISU he also introduced an agricultural law course into the undergraduate curriculum initially as an experimental course, ultimately building the course from the ground-up to almost 100 students in attendance by the spring semester of 2015. Prof. McEowen has been a visiting professor of law at the University of Arkansas School of Law in Fayetteville, Arkansas, teaching in both the J.D. and L.L.M. programs. He has also previously taught at Washburn Law and the Drake University School of Law Summer Institute in Agricultural Law. He has published scholarly articles in numerous journals and he is the author of Principles of Agricultural Law, an 850-page textbook/casebook that is updated twice annually, and a second 300-page book on agricultural law. In mid-2017, Prof. McEowen's new book, Agricultural Law in a Nutshell, was published by West Academic Publishing Co. He also authors the monthly publication, "Kansas Farm and Estate Law." In addition, he co-authors Bureau of National Affairs (BNA) Tax Management Portfolios on the federal estate tax family-owned business deduction and the reporting of farm income, and is the lead author of a BNA portfolio concerning the income taxation of cooperatives. Prof. McEowen conducts approximately 80-100 seminars annually across the United States for farmers, agricultural business professionals, lawyers, and other tax professionals. In 2003, Prof. McEowen was named the recipient of the American Agricultural Law Association (AALA) Distinguished Service Award. He is also the recipient of the AALA's award of excellence for professional scholarship. In 2006, he was named the president-elect of the AALA. He received a B.S. degree with distinction from Purdue University in management, an M.S. degree in agricultural economics from Iowa State University, and a J.D. degree from the Drake University School of Law. He is a member of the Iowa and Kansas bar associations, and is admitted to practice in Nebraska.