Madison… Senator Joan Ballweg (R-Markesan) authored legislation, which passed the Senate, making the process of transferring farm implements after death more efficient.
Currently, beneficiaries who are receiving farm implements are required to go through probate, an often lengthy formal legal process. All equipment used to continue production is held until that process is completed.
“Any disruption in the agricultural cycle can leave farmers in a tight position with lost production and revenues,” said Ballweg. “This legislation will make it easier for small farmers who often transfer farm implements between family members.”
Senate Bill 893 allows farm implements to be transferred through a process called Transfer on Death (TOD). Through written designation of a beneficiary and witnesses, TOD can bypass the need for the court to get involved.
This legislation is supported by 17 agriculture related associations across Wisconsin. It now heads to the Assembly and then moves on to the governor to be signed into law.
To reach Sen. Ballweg with questions or comments please call (608) 266-0751 or email Sen.Ballweg@legis.wi.gov. The 14th Senate District is located in Central Wisconsin, and is composed of parts of Adams, Columbia, Dane, Dodge, Fond du Lac, Green Lake, Juneau, Marquette, Outagamie, Sauk, Waupaca, and Waushara counties.