From Legacy Moment (12/09/2011).
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Once a family engages in succession planning, an adviser will guide them through a defined planning process. Our Comprehensive Succession Solution has several distinct steps including the family meeting, discovery, preliminary plan, final plan and annual review.
Discovery, the second step, is the process of learning everything about you, the farm and the family using both quantifiable/material values and unquantifiable/emotional values. To supplement our conversations and meetings, we use a series of fact finders, interview guides and a document checklist to ensure accurate information.
The data we collect will help us to make recommendations that are appropriate for your specific situation. Discovery meetings are convened with the family at large, and then separately with each active family member.
At last week’s Executive Women in Agriculture conference in Chicago, a participant asked, "What documents should be shared during the discovery phase?" Attached here is the document checklist we use in all client engagements.
Have questions? We’re here to help.
News and Resources For You:
"Kevin Spafford and his team at Legacy by Design have assembled a team of Legacy Certified Advisers who put more boots on the ground to help farm families with succession plans," says Charlene Finck, Editor of Farm Journal magazine.
As one of our Legacy Project case study families, the Esthers are relieved now to have the pieces all falling into place. A smiling Ryan says, "As brothers and partners, we have the best of both worlds." Is your family next?
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