New Financial Programs Provided in Western Pennsylvania

Natural gas development has provided the option for additional financial opportunities for landowners. However, with this new found wealth many new issues, questions and uncertainties develop. The more one understands the concepts behind wise financial management, the better decisions one can make regarding land and family matters.  It often takes a team of experts to help determine the best plans, but how can one determine what works best for their situation?

 The upcoming programs offered by Penn State Extension, “Financial Considerations and Shale Gas Development” will include discussion from key natural gas, legal, financial and tax experts on the importance of proper planning. Understanding bonus and royalty payments, estate planning and different financial strategies will help individuals in making those important decisions for their individual situations. The experts will provide a current overview of natural gas development and the legal, financial and tax issues surrounding this new found wealth. The experts will discuss some of the common family scenarios that are developing out of the play and how each one is unique and ways to handle them. The program is developed for an open dialog between the panelists and landowners to help answer some of those nagging questions regarding royalties, estate planning and financial strategies. Attendees will leave the program with a better understanding of the dynamics surrounding these issues and ways to plan for the future.

 The programs will be held Wednesday, June 20th at the Penn State Beaver Campus, Student Union Building, 100 University Dr., Monaca, Beaver County, and Wednesday, June 27th at the Cumberland Township Office, 100 Municipal Rd., Carmichaels, Greene County,    from 6:30 to 9:00 PM.

 Registration and a small fee are required.  Please check the Events webpage for additional information at http://extension.psu.edu/naturalgas/events.