“Any money saved by not paying a lawyer to draft a will and succession plan, will be outweighed by the expenses associated with a family feud.”
Seek help in having dicey conversations about complicated issues
“We often take for granted people will understand what to do with information. This is typically not the case.”
Written and shared goals for the family and farm are vital in the succession planning process.
Here’s how to start, continue and succeed in your farm’s transition plan.
Members of the farm ownership team are primarily responsible for deciding how to ensure the business has adequate capital to maintain a sustainable business.
Coach, develop and mentor your farm’s successor