Items Tagged with 'succession planning'
ARTICLES
A legacy or a lawsuit: What are you leaving behind?
Agriculture is not just a business; it’s a way of life. Well-crafted plans to transition farm and ranch estates to the next generation are essential to keeping this way of life alive for future generations.
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Succession planning when one child wants the farm
Many parents find themselves in a situation where one child wants to farm while the others do not. This hypothetical explores one option to consider, while stressing the importance of early planning.
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Sometimes it takes a leap of faith
Developing an exit strategy when transitioning the farm to the next generation includes setting exit goals, assessing financial and mental readiness, identifying exiting owner type, selecting an exit option, understanding the value of this option and executing the exit strategy plan.
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Farm succession: Opening the door to a difficult conversation
Farm succession planning is a difficult topic to discuss with family. However, initiating a conversation about succession is essential for the long-term sustainability and success of the farm.
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Getting your partnership with the next generation off on the right foot
Tips to minimize conflict between family members when transitioning the business between generations or making other major business decisions.
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Estate planning: Options beyond a typical will
A comprehensive estate plan considers not only your assets after your passing but also your health, living, business and financial circumstances for the remainder of your lifetime. Here are summaries of common estate planning tools you may consider.
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