Estate Planning Back »

The difference between estate planning and retirement planning is subtle, but important. Retirement planning involves planning our financial future once we are no longer employed full time. Estate planning involves determining what will happen to our property and financial resources in the event of death or incapacitation.

Estate planning can include one or more of the following tasks:

  • Creating and maintaining a will
  • Creating a trust fund
  • Assigning a guardian for living dependents
  • Naming an estate executive
  • Updating beneficiaries on plans (life insurance, IRAs, 401Ks, etc.)
  • Funeral arrangement
  • Setting up a durable power of attorney

Sustaining the Legacy:
Management and Wealth Transfer Planning for Ranchers

SDSU Extension created Sustaining the Legacy: Management and Wealth Transfer Planning for Ranchers to assist producers in South Dakota as they plan their estate.

South Dakota Legal Resources

Iowa State University Extension Estate Resources

Montana State University Extension Resources

Montana State University Extension has created a wealth of Estate Planning Publications. The following may be useful to the residents of South Dakota:


Disclaimer: The preceding is presented for informational purposes only. SDSU Extension does not endorse the services, methods or products described herein, and makes no representations or warranties of any kind regarding them. The laws governing estate planning vary by state. The resources provided in this article are for informational purposes only and should never be substituted for the advice of a trained financial or legal professional.

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