Farm Succession Planning Seminars Set for Southern Alberta
LETHBRIDGE: A series of farm succession planning seminars are scheduled around southern Alberta in the first week of February.
They will include lawyers from Stringam LLP, a tax specialist with Young Parkyn McNab Chartered Accountants, and a financial advisor from Laurie Keena and Associates.
Stephen Mogdan with Stringam LLP says it’s important to sit down and think about what’s going to happen to the family farm once it’s time to retire.
“The complexity of it is not something that should scare a person away from looking at it and making some plans and having those conversations with some advisors, with a financial planner, with lawyers that can help you do some estate planning and to do it in a tax advantageous way, is something that really you should be putting in place as early as you can,” Mogdan adds.