Sep 23, 2014
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Leave a Legacy

RSS By: Kevin Spafford, Legacy Project

Kevin Spafford is Farm Journal’s succession planning expert for the Farm Journal Legacy Project.  He hosts the nationally-televised ‘Leave a Legacy’ TV, facilitates an ongoing series of workshops for farm families across the U.S., and is the author of Legacy by Design: Succession Planning for Agribusiness Owners.

The Most Important Document You May Ever Sign

Apr 27, 2010
 
From Legacy Moment eNewsletter  (April 23, 2010)
Please join us for future issues, delivered via email each Friday.


The unsung hero of many a successful generational transition is the buy-sell agreement. It is one of the most important documents in the succession planning arsenal. It protects the operation from the whims of inactive owners and off-farm interests. A well-written and properly executed agreement can ensure the operation remains in the family and is protected from death, disability, divorce and dissolution.

A formal agreement is based on multiple triggering events, and provisions of a buy/sell agreement may include: valuation, applicable discounts, terms, conditions and restrictions.

Take a few moments and use our Buy/Sell Agreement Review
to make sure you’ve got your bases covered.

Please don’t hesitate to ask Kevin if you have any questions.
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