Needless to say, nothing says vacation like the words “Disney World!” – whether you’re a kid of eight or eighty.
If this is something you’re planning for there are several things to consider, not the least of which is how are your going to get there. In other words, you’ve determined your destination and the date, [...]

Posted in Farm Estate Planning, Farm Succession Planning, Planning for Succession No Comments »

When it comes to farm succession planning there are lots of “keys” – virtually all of then claim to be the most important one.
The truth is that there really is only one most important key to succession planning and it is not what you are probably thinking.
Some may say it is getting good advice, or [...]

Posted in Farm Succession Planning, Succession Planning No Comments »

Pancho Duque has built a multi-million dollar sugar and rum empire through his hard work and vision since arriving in the United States from Cuba. However, because of the recurrence of a potentially terminal illness, Pancho must pass on the torch of the family business to one of his children, thus causing rivalries and jealousy [...]

Posted in Management Succession, Planning for Succession, Succession Planning No Comments »

A farm succession and farm estate planning lawyer told me many years ago that the legal organization of most farms had not changed since the farm itself was originally transferred to the current owners.

In other words if you took over the farm in 1963 the farm’s organization then – sole proprietor, partnership, cooperation, is most [...]

Posted in Farm Succession Planning No Comments »

Some of you got it right, passing down the farm is farm succession from the current generation of owners to the next, the folks who are going to be owning and running the farm in the 21st. Century.
Almost nine years ago we registered our domain name because we had been told  that the older a [...]

Posted in Farm Succession Planning No Comments »