Loren Young
Principal

AgKnowledge Service

Salina, KS

3030 Cortland Circle
Salina, KS 67401

785-825-1561

Industry Areas

Service Areas

Loren Young creates lasting legacies for families and privately held businesses with a local Kansas or regional presence. He designs sound trust, gift, succession, and estate planning strategies that grow wealth and protect heirs from the negative impacts of estate tax.

People appreciate Loren as he navigates them through stressful times in their lives. He facilitates early and open communication to help family members grow their assets and fulfill their loved ones’ wishes. Loren also tracks changes in tax laws and maximizes tax-advantaged strategies for high-net-worth individuals and their heirs.

Scope of projects include:

  • Working with our wealth management company, KCoe Wealth, to show a widow how she could make investment choices to sustain her current lifestyle as well as use wise planning, enabling her to pass $6 million more of assets to heirs at her death.
  • Designing and implementing a comprehensive gifting plan using grantor trusts and charitable gifts so the entire $20 million estate will pass to family members and their favorite charitable organizations.
  • Developing a financially sound succession plan for a profitable family business, including assisting the owner in evaluating the pros and cons of selling the $100-million business to an outside buyer, employee, or family member.

Growing up on a dairy farm in northwest Kansas, Loren developed a great work ethic milking cows and feeding calves every day. Loren was drawn to accounting due to his love of math and the orderliness of well-managed accounting systems. Within the firm, Loren plays a critical dual role, leading employee training on trust income tax and administration issues, and demonstrating the power of estate planning for Kansas families and businesses.

Education

B.S., business administration, emphasis in accounting, Fort Hays State University

Credentials

Licensed CPA in Kansas (1984)

Professional Associations

American Institute of Certified Public Accountants
Kansas Society of Certified Public Accountants

Civic Associations

FHSU College of Business Dean's Executive Advisory Council, member
Salina Area Chamber of Commerce (board member and treasurer)
Greater Salina Community Foundation (board member)
Salina Breakfast AMBUCS, member
Trinity United Methodist Church Chancel Choir

Personal Interests

Running, singing, Kansas City Chiefs football

Recent Insights related to Loren Young

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