Tag: Money

Preserving the Family with Estate Planning

Upcoming Workshops in Phillipsburg and Great Bend

Mark your calendars now to attend one of K-State Research and Extension’s “Preserving the Family with Estate Planning” workshops set for two locations in northwest Kansas in February: Phillipsburg and Great Bend.

Thursday, February 22, will be the date for the workshop in Phillipsburg, from 5:30 p.m. to 9:00 p.m. at the Phillips County Fair Building; Monday, February 26, the workshop will be presented in Great Bend, also from 5:30 p.m. to 9:00 p.m. at the Great Bend Recreation Commission – Burnside Room. A meal and materials are included in the $20 registration fee, and family members can attend for an additional $15 each if registered at the same time. Early registration is due February 16th. Meals and materials cannot be guaranteed if registering late.

The Estate Planning workshops will have sessions with attorneys and experts from K-State as well as a Q & A session at the end. Sessions will cover several topics including Getting Started with Estate Planning, Estate Planning Basics, and Farm & Small Business Succession.

For more information go to www.northwest.ksu.edu under “Events” or call the Phillips-Rooks Extension District – Phillipsburg Office at 785-543-6845 or the Cottonwood Extension District – Great Bend Office at 620-793-1910.

By:  Nora Rhoades

Leaving a Legacy

February 28th

6:00 PM:  Light Meal

7:00 PM: “Leaving a Legacy”

Presented by: Doug Beech, Kansas 4-H Foundation Planned Giving Officer

Veteran’s Building Osborne, KS

Explore and understand tools – some familiar, some not – that will allow you to preserve and pass on your values through an estate plan. The program, hosted by the Post Rock Extension District and the Osborne County Community Foundation, will be valuable for those considering making charitable estate gifts and for charities and charity board members interested in learning about these options. Discover complete event details at www.postrock.ksu.edu.

By:  Nora Rhoades

Transition Planning: 12 Steps to Keep the Family Farming

While many family-owned businesses have the long-term objective of “passing the business on to the next generation,” this is not an easy process. A great deal of planning, preparation, and communication is needed in order to accomplish the feat of moving the business from one generation to the next. The aspirations of both generations need to be addressed along with the financial feasibility of the operation supporting all involved. Checkout the K-State Research and Extension publication “Transition Planning: 12 Steps to Keep the Family Farming” and watch the video below as you work through the farm succession planning process!

By:  Nora Rhoades

Identity Theft: What to know, What to do

Is someone using your personal or financial information to make purchases, get benefits, file taxes, or commit fraud? That’s identity theft.

If have become a victim of fraud, the Federal Trade Commission shares that the first step is to call the companies where the fraud occurred.

  • Call the fraud department. Explain that someone stole your identity. Ask them to close or freeze the accounts. Then, no one can add new charges unless you agree.
  • Change logins, passwords, and PINS for your accounts.

Visit IdentityTheft.gov to report theft and get a personal recovery plan. Learn more steps in the FTC’s resource, Identity Theft: What to know, What to do.

By:  Nora Rhoades

Buying and Using Health Insurance – Consumer Resources

Nora Rhoades
Family and Youth
Development Agent

When choosing a health insurance plan for you and your family there is much to consider. The right plan for you and your family will depend on your health and your financial situation. The University of Maryland Extension provides some helpful consumer resources. These tools can help consumers be smart about buying and using health insurance. To access the resources visit https://extension.umd.edu/insure/consumer-resources.

By:  Nora Rhoades

Know Fact from Fiction about Insurance Coverage

Taking the time to read the fine print of health, auto and home insurance policies may not always happen with consumers. But it pays to understand what you’re purchasing so there are no surprises if you ever need to file aclaim.

Understand 9 common insurance misconceptions that may occur from a lack of policy knowledge. They were compiled from questions to the Kansas Insurance Department Consumer Assistance Division and the National Association of Insurance Commissioners (NAIC). Ken Selzer, CPA, Kansas Commissioner of Insurance provides insight about each misconception in the July 2017 column, “Insurance Matters”: http://www.ksinsurance.org/documents/department/insurance-matters/July2017-insurance-matters.pdf

By:  Nora Rhoades