Mabel Chamblin Michael R Jones Marie I Simmons Ray Johnson One thing to remember this President’s Day Adams County Deer Harvest down over 21% MLSD amends five-year budget, prepares for future with power plant closings Lady Dragons triumph in sectional opener Lady Hounds eighth graders capture SHAC Tournament title Gary L Fetters Sr Boys Sectional brackets released ‘We’re only as good as the way we treat others’ Another round of smiles Adams County Board of DD members recognized Terry L Unger 8th Grade Lady Devils ousted in tourney semis WU’s McCarty signs with Ohio Christian Joyce A Huddleson Carolyn Spires BREAKING NEWS: Peebles police search for man accused of selling marijuana-laced sweets Decision Time BBN Senior Profile: Summer Grundy Lady Devils fall to Southeastern, 56-48 Devils outlast Manchester 47-44 in double overtime Peebles holds second Hall of Fame Ceremony Senior Profile: Patrick England Sowards hits 1,000, ties PHS three-point mark County agencies prepare for sweeping budget cuts Manchester Council votes to cut police chief’s hours Wrestling debuts in Adams County Peebles Library hosts book signing As plants power down, community must step up Raymond P Dryden Alva Palmer Billie L Shoemaker Judith Long Brent A Arn Girls basketball sectional pairings announced WU’s Weeks will continue gridiron career at next level West Union JH Boys drop pair at Ripley Eighth Grade Lady Hounds roll into SHAC semi-finals Janet A Kennedy DP&L moving ahead with plans to close power plants Outreach Center in Peebles is a hub of giving River Sweep contest winners announced Gordley hits 1,000 mark, but Indians drop crucial SHAC contest to Lynchburg Manchester lifters compete at Piketon Senior Profile: Madelyn Sanders Charles L Hurd Randy Casto Bobby Strunk Dorothy J Scott Chester A Lanter Coach David Smalley picks up 500th career win at Rio Grande Dustin Holbrook Senior Profile: Camron Gordley As usual, optimism abounds on 2017 Reds Caravan Breeze, Beasley newest members of NAHS Athletic HOF Two humble men Adams County Manor Home Health Care makes road to recovery easier Don and Venita Bowles named as Outstanding Fair Supporters ‘Tip off For Tammy’ is a huge success, joint effort by two schools Husted campaign makes stop in Peebles Benefit held for double-lung transplant recipient I loved that muddy water, building in the creek Margaret E Broughton Larry A Hanson DP&L press release confirms closing of power plants Eighth grade girls showdown lives up to hype, North Adams wins in overtime, 45-43 Senior Profile: Raeanna Stamm North Adams Football sign-ups coming soon North Adams JV girls go 11-4 with win over Peebles Harper wins MaxPreps/JJHuddle Athlete of the Week West Union duo headed to the college gridiron Lady Devils make it 11 straight with win at Peebles Adams County residents attend Trump Inauguration A Look back at our Archives Peebles native comes home to film documentary Ohio Valley Wrestling Cub hosting home match on Jan. 31 Ruth A Branscome Velma Hughes Carol L Lewis Betty L Greiner Devils top New Boston 63-53 in finale of Coach Young Classic Lady Devils rout Eastern Pike in Young Classic Indians bounce back with 67-59 win over East OHSAA Baseball Pitch Count Regulation approved for 2017 At the buzzer, Rothwell gives Dragons an overtime win Greyhounds fall to Portsmouth Lady Indians roll past West Union 80-29 From Division II to the Senior Bowl COSI On Wheels visits West Union Elementary News from the Peebles PTO NAJH Basketball hosting ‘Play For The Cure’ Jan. 28 North Adams Elementary recognizes Students and Staff Members of the Month for December Honoring a coaching legend Benefit will assist double-lung transplant patient Peebles to be featured in new documentary Cleaning the stables-the worst job on the farm Wenstrup reselected to serve on House Intelligence Committee

Estate planning workshop coming up

Do you have an Estate Plan? Is it a plan or just a Will? How current is it? What has changed in your life or business since you last updated the plan? The next few weeks I will run some stories about Estate Plans that I used a few years ago, written by an attorney. These are older articles, and some things have changed, but these are for educational purposes.

Mom died unexpectedly in car wreck at 70 years old. Lung cancer had taken Dad 2 years earlier. At Dad’s death, Mom inherited all of his estate through joint survivorship and Dad’s simple Will. They had farmed and operated a few farm-related businesses enabling them to build a successful farm operation. They had bought and inherited land totaling 500 acres ($1,000,000 Fair Market Value). The farm operation ran a 150 head beef cow herd, 25 acres of tobacco, hay, and corn. She had $150,000 worth of cattle and equipment; $20,000 in her checking account; $20,000 in her savings and CDs; $30,000 in an IRA; $70,000 in a mutual fund; $50,000 worth of other personal property; and $10,000 of life insurance. Her total estate is worth $1,350,000. Mom also had a simple Will. Her Will left everything to Dad and if he did not survive her, then everything to Son.

Son, 50 years old, had been in an unwritten partnership on the farm operation with his mother since his father’s death. Mom had been an active partner, having been a very successful business partner with her husband for many years. Mom and Son had discussed doing some estate planning to save on the potentially large tax bill. Mom had even read several articles and attended several farm estate planning seminars and meetings. She just had not found the time to see a farm estate planning attorney.

The federal estate taxes and Kentucky inheritance taxes will total over $300,000. Son will have to cash in assets or mortgage the farm to pay these bills.

Savings WITHOUT Proper Planning

GREAT NEWS! Even WITHOUT proper estate tax planning, possibly all taxes could be avoided. If Son goes to an attorney who understands the newest estate tax regulations relating to farms, he could eliminate the need to mortgage the farm.

Special Use Valuation (I.R.S. Section 2032A) and the Qualified Family-Owned Business Interest (I.R.S. Section 2057) are tremendous tax savings tools available to the farm estate attorney when little or no tax planning had been done by the deceased person. These tools have very specific requirements for the estate to qualify for their huge benefits, but many farm estates will qualify due to changes in the tax laws and court decisions. Do not give up just because mom or dad did not get around to seeing a farm estate tax lawyer.

Estate and business planning can be your best investment and greatest gift to your family, heirs, and beneficiaries.

Attorney Keith Jeffries practices Agricultural Law in the areas of Estate Planning & Administration and Business Planning & Administration. His firm, Keith Jeffries Law Office, PLLC, is located in New Castle, KY.

The information contained in this article is meant for educational purposes only and is not meant to be used by readers to solve individual problems. Neither this publication nor the author intend to provide any specific legal advice. Please consult with a licensed attorney or other professional advisor as to how these issues relate to your own specific situation.

I plan to offer an Estate Planning Workshop in the coming months. The program details will be in this article in the coming weeks. The program will cover issues like Wills, Trusts, and the basics to an Estate Plan, followed by information concerning business planning and transitioning the business to the next generation. We will then discuss how life insurance and other insurance may be a part of your plan. Both retirement and Financial Planning be covered later in the program.

The program is limited to 50 families. The cost for the program is $90 per family up to 2 people if you register early. I will have the dates, times and other information in the coming weeks.

Dates to remember:

July 7 Southern Ohio Ag and Community Development Foundation (SOACDF) informational meeting, Cherry Fork Community Center (Gym) 10:00 a.m.

July 9 SOACDF informational meeting, Southern Hills Career Center in Georgetown (Hamer Rd and US 68) at 6:30 p.m.

July 12-18 Adams Co. Fair

July 13 Pesticide Testing at the Old Y Restaurant at noon. Pre-register at http://pested.osu.edu or call 800 282-1955 and go to Pesticide Regulations.

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