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University of Central Missouri
Warrensburg, MO 64093
Contact: Mike Greife
Designed for families involved in agribusiness, AgriLegacy, a new series on KMOS-TV, the University of Central Missouri’s public broadcasting station, is hosted by financial planners Wes Hentges and Galen Dody. The series is designed to help farm families navigate the planning process by simplifying the integration of documents such as trusts and buy-sell agreements while examining the road to preserving the family farm.
Galen Dody, left, and Wes Hentges
The first episode airs at 8 p.m. Thursday, Jan. 10, with a repeat at 6:30 p.m. Sunday, Jan. 13. Dody and Hentges visit with UCM’s Kyle Lovercamp, assistant professor of agriculture, on the topic of "15 Common Disasters in Estate and Succession Planning for Agribusiness Owners."
Once a staple in every community, family farms have become increasingly rare as the industry has changed over the years, creating the opportunity for existing farms to grow. The challenge lies in preserving the legacy into which parents and grandparents have poured their lives.
Many farmers today face the challenges that come with increasing government regulation and taxation, varying levels of farming interest of heirs, divorce, remarriage and the general uncertainty of how to preserve assets and minimize estate taxes. Communication and planning is important to solve these issues and to minimize taxes, preserve assets, and most importantly, to ensure that children aren’t left with tough decisions or financial burdens.
Anyone who plans to leave a legacy, financial or otherwise, will gain valuable insight into their own plans by watching AgriLegacy on KMOS-TV.
Galen Dody is the owner of Dody Legacy Group, LLC., based in Clinton, Mo. Wes Hentges is the founder of ProPartners Wealth, through which he helps farmers with planning. Together they are partners in AgriLegacy, which continues working with farm families.
Dody and Hentges are both registered investment advisors with Eagle Strategies LLC, which offers securities through NYLIFE Securities. They are also member agents of The Nautilus Group, which assists with estate conservation and distribution, business succession planning and charitable giving through a network of attorneys and CPAs.