Assumptions (Mistakes) that Parents Make with Estate Plans
The main goal of many parents when writing their estate plan is for their children to continue to be a family. With this goal in mind, parents make many assumptions to “keep the peace” when planning their estate. If the family has a key fight then family activities, like holiday gatherings, no longer happen. Let’s look at these assumptions and make some observations about each. The overall goal is to think through our actions with the intent that the family stays together.
Without an estate plan, the assets are divided according to the laws of the state of Nebraska. That means that you die intestate. Intestate laws provide a hierarchy of who receives your assets (after all debts and taxes are paid) based on their relationship to you. For some, dividing your assets according to intestate laws may be perfectly fine. But for those who have several heirs, these allocations can be complicated. Be aware of the oddities of dying intestate. Read more here: https://cropwatch.unl.edu/2017/nebraska%E2%80%99s-estate-plan-your-farm.
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2020 Cornhusker Economics
- The Impact of COVID-19 on Nebraska's Nonprofits by John C. Beghin (September 9, 2020)
- Multi-Peril Crop Insurance Basics by Matt Stockton, Daran Rudnick & Chuck Burr (September 2, 2020)
- 2020 Nebraska Property Tax Changes by J. David Aiken (August 26, 2020)
- Annie's Project: Know Your Numbers, Know Your Options by Jessica Groskopf (August 19, 2020)
- Risk Management Needs and Challenges for Agriculture by Bradley D. Lubben (August 12, 2020)
- CARES Act Implications on Tax Planning for Farmers by Tina Barrett (August 5, 2020)
- Estimating a Fair Value for Standing Forage by Jay Parsons, Daren Redfearn, Mary Drewnoski and Robert Tigner (July 29, 2020)
- Historic Analysis of Flooding and Excessive Moisture Across Nebraska and Implications for Agricultural Lease Arrangements in 2020 By Jim Jansen and Jeffrey Stokes (July 22, 2020)
- Coronavirus Food Assistance program (CFAP) Payments for Nebraska Livestock Producers By E. Wesley F. Peterson (July 15, 2020)
- 2020 Nebraska Agricultural Custom Rates with Statewide Survey Summary By Glennis McClure (July 8, 2020)
- The Value of Soil Sampling and Sampling Density: Conceptual Framework (Part 1). By Taro Mieno and David Bullock (July 1, 2020)
- Farm and Ranch Enterprise Budgets: Return to What? By Larry Van Tassell, Jay Parsons and Glennis McClure (June 24, 2020)
- Can Commodity Prices Be Negative? Revisiting the Events in the Crude Oil Market in April By Fabio Mattos (June 17, 2020)
- Coronavirus Food Assistance Program (CFAP) payments for Nebraska Corn and Soybean Producers By Anil Giri, E. Wesley Peterson and Sankalp Sharma
- Impact of COVID-19 on Demand for Distillers Grains from Livestock Operations By Daniel Gertner and Elliott Dennis
- The Impact of the COVID-19 Crisis on Nebraska's Ethanol Industry By John C. Beghin and Sushant Timalsina
- Workforce Development in a Post-COVID World: A Grassroots Approach By Cheryl Burkhart-Kriesel, Kristina Bayton, Samantha Guenther and Blayne Sharpe
- North Central Extension Risk Management Education Center By Christine Lockert and Bradley D. Lubben (May 13)
- Nebraska National Agri-Marketing Association and the COVID-19 Effect By Austin Harthoorn and Rosalee Swartz (May 6)
- Economic Impacts of Food Fraud By Syed Imran Ali Meerza, Konstantinos Giannakas and Amalia Yiannaka (April 29)
- Some Economic Implications of the COVID-19 Pandemic in Nebraska By John Beghin (April 22)
- COVID-19, Farm Survival and Decision Making By Cory Walters, Jessica Groskopf and Richard Preston (April 15)
- 2020 CARES Act – Financial Supports for Small Business By Marilyn Schlake (April 8)
- Examining the Role of the Crop Insurance Selling Agent By Nathan Delay, Haley Chouinard, Cory Walters and Philip Wandschneider (April 1)
- Nebraska Women in Agriculture Celebrating 35 Years By Jessica Groskopf (March 25)
- Nebraska Cooperative Development Center Announces Mini-Grant Funding By Charlotte Narjes (March 18)
- Nebraska Farm Real Estate Values Improve Despite Uncertainty in 2020 By Jim Jansen and Jeff Stokes (March 11)
- Safety First Risk Preferences and Post-Harvest Grain Marketing A Context-rich Lab Experiment By Stamatina Kotsakou, Simanti Banerjee, Cory Walters (March 4)
- 2020 Nebraska Property Tax Issues By Dave Aiken (February 26)
- The Three Profit Fundamentals of Agricultural Production By Matt Stockton (February 19)
- 2020 Nebraska Crop Budgets Review By Glennis McClure (February 12)
- Nebraska Agricultural Machinery and Equipment Sales Tax Exemption By Austin Duerfeldt (February 5)
- Internships in Nebraska Agricultural Cooperatives By Greg McKee (January 29)
- Comparison of 2018 and 2019 Market Facilitation Program Payments for Nebraska Producers By Anil Giri, Wes Peterson and Sankalp Sharma (January 22)
- How Emotions Affect Farm and Ranch Succession By Allan Vyhnalek (January 15)
- Celebrating 25 Years of the Nebraska Rural Poll By Becky Vogt (January 8)
2019 Cornhusker Economics
- Representative Economic Budgets for Nebraska Cow Herds By Glennis McClure and Jay Parsons (December 18)
- Accrual Accounting and the Farm Business, Part II By Tim Meyer (December 11)
- The Impact of Veterans Treatment Courts on the Community By Amanda Leingang and Daniela Mattos (December 4)
- Further Thoughts on the Brazilian Grain Market, Its Competitiveness and Its Challenges By Fabio Mattos (November 20)
- Effects of Irrigation and Climate on the High Plains Aquifer By Richard Perrin, Felipe Silva, Lilyan Fulginiti and Karina Schoengold (November 13)
- Appraisal or Evaluation? The Impact of Cap Rates on Financing By Jeff Stokes (November 6)
- Informing the (Willfully) Uninformed By Syed Imran Ali Meerza, Emie Yiannaka, Chris Gustafson, and Kate Brooks (October 30)
- An Illustration of Farm Program Decisions and Impacts By Brad Lubben (October 23)
- Accounting Assumptions and the Farm Business By Tim Meyer (October 16)
- Maryland Nutrient Management Policies By Dave Aiken (October 9)
- Does Targeting Healthy Food Labels to Populations at High Risk of Diet-Related Diseases Increase Label Effectiveness? By Chris Gustafson (October 2)
- The Difference between Maximum Profit and Maximum Production By Matt Stockton (September 25)
- The Role of Farm Size in Crop Insurance By Sankalp Sharma and Cory Walters (September 18)
- Ag Lease Termination and Hunting Rights By Dave Aiken (September 11)
- Potential Economic Impact of the Goshen/Gering-Ft. Laramie Tunnel Collapse By Jessica Groskopf, Brian Lee and Roger Coupal (September 4)
- Ag Lenders Panel Provides Insight into Beef Systems Initiative By Jay Parsons, Daren Redfearn and Mary Drewnoski (August 28)
- Managing Farm/Ranch Transfer to Next Generation By Allan Vyhnalek (August 21)
- Accounting for Risk: Agricultural Land Leases and Natural Disasters By Jim Jansen and Jeff Stokes (August 14)
- 2018 Nebraska Top Efficient Farms By Tina Barrett (August 7)
- The Value of Grazed Corn Residue for Crop and Cattle Producers By Jay Parsons, Daren Redfearn and Mary Drewnoski (July 31)
- 2019 Nebraska Property Tax Issues By Dave Aiken (July 24)
- The World is in Better Shape than Most People Think By Wes Peterson (July 17)
- The Economic Evaluation of Input Use Prescription Maps: Are You Paying to Make Less Profit? By Taro Mieno and Grant Gardner (July 10)
- Cover Crop Utilization across Nebraska and Implications for Cropland Lease Arrangements in 2019 By Jim Jansen, Jeff Stokes and Jay Parsons (July 3)
- Dealing with Control of the Farm/Ranch By Allan Vyhnalek (June 26)
- Will “Matopiba” Change the Competitive Landscape in the International Grain Market? By Fabio Mattos (June 19)
- Expanding the Farm Income Safety Net By Brad Lubben (June 12)
- Nebraska Property Taxes and the 2019 Flood By Dave Aiken (June 5)
- Point-of-Decision Prompts and Cognitive Resources By Chris Gustafson (May 29)
- Four Steps to Improved Group Productivity By Cheryl Burkhart-Kriesel (May 22)
- North Central Extension Risk Management Education Center By Christine Lockert, Cheryl Griffith and Brad Lubben (May 15)
- A Successful Year for the Nebraska National Agri-Marketing Association By Austin Harthoorn, Kara Heideman and Rosalee Swartz (May 8)
- Examining the Capacity of Nebraska Rangelands for Cattle Production By Katie Cumming, Jay Parsons, Walter Schacht and Brian Baskerville (May 1)
- Nebraska Cooperative Development Center – Twenty Years Strong By Charlotte Narjes (April 24)
- Nebraska Strong - Social Capital in Action By Marilyn Schlake (April 17)
- The Impact of Different Data Processing Methods on Site-specific Management Recommendation By Taro Mieno, Joe Luck and Zhengzheng Gao (April 11)
- The Role of Insured Bushels and Pre-harvest Hedging for an Eastern Nebraska County Under Rain-fed Growing Conditions By Cory Walters and Richard Preston (April 3)
- Nebraska Women in Agriculture “Take Charge of Change” By Jessica Groskopf (March 27)
- Market Impacts of a Meat Tax By Regan Gilmore and Azzeddine Azzam (March 20)
- Nebraska Farm Real Estate Values Continue Gradual Declines in 2019 By Jim Jansen and Jeff Stokes (March 13)
- Things to Consider before Co-signing a Loan By Dave Aiken (March 6)
- 2019 Nebraska Property Tax-School Funding Issues By Dave Aiken (February 27)
- Three Key Factors to Balance when Choosing a Calving Season Based on Profitability By Matt Stockton and Devin Broadhead (February 20)
- Negotiating Cash Rent: What It Takes to Negotiate Like a Pro By Austin Duerfeldt (February 13)
- Per-ingredient Calorie Information Reduces Calories Ordered More in a Food-Away-from-Home Setting than Information Provided per Item By Chris Gustafson and Eliana Zeballos (February 6)
- Tax Strategies for Farmers and Cooperatives under the New Section 199A By Greg McKee (January 30)
- Trends in Nebraska Agricultural Land Ownership and Rental Patterns By Jim Jansen, Jay Parsons and Kate Brooks (January 23)
- Avoid Family Trouble when Planning Farm/Ranch Succession By Allan Vyhnalek (January 16)
- Examining Preferences for Rural Living and How to Save the Rural Economy By Becky Vogt (January 9)