Penn State Extension

Forestland estate planning webinar offered

A Penn State Extension webinar will focus on strategies for successful forestland succession planning. The webinar “Land Succession and Estate Planning for Forest Owners” is scheduled 8 a.m. to 9:30 a.m. Feb. 19, 24 and 26 and March 3 and 5.

The series is designed for forest owners, foresters, land managers, lawyers, conservation district staff and natural resources educators.

Planning the future of forestland is a critical step in preserving its health, value and legacy, according to organizers.

The series offers an in-depth exploration of the challenges and opportunities associated with forestland succession.

Participants will gain insights into practical tools and strategies for succession planning, addressing tax implications, and creating a plan to transition landownership smoothly while fostering family harmony.

Expert presenters aim to help attendees maintain forest health and sustain family ownership for generations.

Sessions will cover:

•Considerations for underrepresented forest owners.

•Common issues in land transitions and succession planning.

•Strategies for transitioning landownership while maintaining forest health, preserving family ownership and minimizing conflict.

•Differences among succession planning tools.

•Tax implications of various legal vehicles.

Participants can submit questions in advance of each session and engage in live question-and-answer discussions.

Participants can earn 1.5 continuing education credits per session from the Society of American Foresters.

The registration deadline is 8 a.m. Feb. 19.

Registrants will receive a link to the recorded webinar within 10 business days after the live event. The recording will be accessible for six months from the event start.

More information is available on the Penn State Extension website at https://extension.psu.edu/land-succession-and-estate-planning-for-forest-owners.