Agriwebinar: Farm Succession Planning – The Kitchen Table Discussion Part II

Live! Wednesday October 31 @ Noon EDT

Farm Succession Planning – The Kitchen Table Discussion Part II

For Canadian farmers, talking about the future of the farm can be like taking on a porcupine. It’s prickly and hard to approach – a creature one would just as soon avoid entirely. Reality is, if you are an owner of a farm or farming assets it will be transferred to someone else at some point in time, whether you like it or not. The reason is no one lives forever, so you will either transfer your farming assets during your lifetime or afterlife through your estate.

In Part 2 of this webinar, Brent DeKoning, Associate Advisor for Lorkovic Wealth Management of RBC Dominion Securities and Bobby Hinduja, Vice President, High Net Worth Planning Services at RBC Wealth Management, will share valuable information on farm succession planning, including why and how to hire an agriculture professional, tax planning opportunities and strategies on how to transfer farming assets to your children.

Bobby Hinduja, Vice President, High Net Worth Planning Services, RBC Wealth Management

As a Business Owner Specialist, High Net Worth Planning Services, Bobby, together with a primary RBC advisor, helps clients explore succession, tax, retirement and estate planning issues faced by business owners.

Bobby has over 15 years of experience working with owners of privately held businesses to help them develop business succession, tax and estate planning solutions tailored to their goals and objectives. Prior to joining High Net Worth Planning Services, Bobby provided tax, retirement, estate and financial planning advice to RBC advisors and their clients. He has written articles on various topics including determining the value of a business, farm succession planning, tax planning and retirement planning.

Prior to joining RBC, Bobby was a Vice President at a boutique business valuation firm in Toronto where he worked with business owners to help them determine the value of their business for divestitures, litigation, tax and estate planning purposes. He also worked with owners to help them identify the value drivers of their business.

Bobby is a Chartered Business Valuator, a Chartered Professional Accountant and has a Bachelor of Commerce degree from the University of Toronto. He has also completed all three levels of the CPA In-Depth Tax Course.

Brent DeKoning, Associate Advisor, Lorkovic Wealth Management, RBC Dominion Securities

Brent is an Associate Advisor for Lorkovic Wealth Management of RBC Dominion Securities who has a passion for helping farm families answer two very important questions: “Where are we going as a farm operation?” and “What if something happens to us?”

Throughout the years, Brent and the team of professionals at Lorkovic Wealth Management have had many kitchen table discussions with farm families, helping them make important, well thought out decisions about the future of their farm operation.

From one meeting with Brent it is very clear that he has a passion for helping people and seeing those around him succeed. He is an active member of the Rotary Club of Kitchener and participates in international mission trips with his local church. As a husband and father of two young boys with a third on the way, Brent is dedicated to his family, his clients, and creating lasting change in his community.

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