Although not as exciting as some other ag law issues we discuss on this blog, this topic is one of the most important for folks to consider. I recently wrote an article for Dairy Herd Management discussing this topic. While creating an estate plan is a very important step, it is not the end of the journey. It is critical that once an estate plan has been created, it is reviewed and updated periodically. I recommend that folks review estate plans at least once a year (your birthday or New Year’s is often a good time to do so) or when a major life event–birth of a child, death of a friend or family member, divorce, marriage, significant asset purchase–occurs. Doing so will help ensure your wishes are followed and your family is taken care of upon your death.
To read my article, click here.