Tag: Resource Management

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

Advance Health Care Directives – Plan to have Family Discussions over the Holidays

Some people prefer to keep their legal documents private and disclose little or no information regarding their personal decisions. With end-of-life issues, however, communication is key. Initiating a conversation with others about your end-of-life wishes can be unsettling, but having these conversations will ensure that future health care plans are made and that appropriate parties are aware of those plans.

As you prepare to gather with family and close friends over the holidays, consider incorporating a time to discuss your advance health care directives. The resource, Advance Health Care Planning in Kansas, will provide assistance as you outline your wishes and prepare for these sometimes difficult, yet very important discussions.

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

Tips for Creating a Household Inventory

In 2017, throughout Kansas we’ve already experienced drought, wildfires, a spring blizzard, flooding, tornadoes, hazardous wind, and extreme heat advisories. Disasters do not plan ahead, but that doesn’t mean you can’t!

Being prepared for the disasters that may affect your home, business and community is important. Taking inventory of what you have and recording it is a good place to start. After all, you do not know where to get back to if you don’t know where you started, right?

Checkout “Tips for Creating a Household Inventory” on the Post Rock District Blog.

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

Prepare Kansas Begins September 1st

Nora Rhoades
Family and Youth
Development Agent

We’ve had drought, wildfires, a spring blizzard and flooding in Kansas this year and it’s only August. If your home or office was affected by a disaster, would you have an accurate record of what you lost? Would you easily know who to report it to and how to reach them?

Prepare Kansas begins September 1. The annual online challenge will run through September to coincide with National Preparedness Month, coordinated by the Federal Emergency Management Agency. Prepare Kansas is an online challenge for all Kansans and others available through the K-State Research and Extension Facebook page and the #prepareKansas blog.

This year, Prepare Kansas will help you take steps to be more financially prepared to weather any challenges, plus it’s a good way to stay organized.

  • Week 1: You don’t know where to get back to if you don’t know where you started, right? This week’s challenge takes you step-by-step through preparing a household inventory.
  • Week 2: Things change. Circumstances change. Know the right questions to ask as you review homeowner’s or renter’s insurance, plus auto insurance coverage.
  • Week 3: If you had a few precious minutes to leave your home or office, what would you take? Learn the basics about what to include in a grab-and-go kit to help get you back on firm financial footing more quickly.
  • Week 4: Communication is key. This week’s challenge is to develop and practice a family communication plan.

By:  Nora Rhoades

Farm Succession Planning Seminar in Lincoln

Nora Rhoades
Family and Youth
Development Agent

August 22, 2017

10:00am to 3:00pm

The Post Rock District is hosting a one-day Farm Succession Planning Seminar! The featured speakers will provide resources, tools, and insight related to: steps to keep the family farming, farm and rural business succession planning, strategies to maintain strong relationships and leaving a legacy through the family farm. The seminar will also include a question and answer panel with nationally and state recognized experts. For details and registration information visit www.postrock.ksu.edu.

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