Businesses used to be transferred from one generation of a family to the next very regularly. While it no longer happens anywhere near as much these days, that doesn’t mean that you can’t leave the business you’ve worked so hard to build to your kids.
The passing of a business from one generation of family to [...]
Entries Tagged as 'Farm Estate Planning'
Tax Issues When Leaving a Business to Your Child
August 27th, 2010 · No Comments · Estate Planning, Farm Estate Planning
Tags: Estate Planning·estate planning mistakes·farm estate taxes·Passing Down the Farm
Farmers Doing Estate and Succession Planning Need Their Farm Insurance Agent
August 24th, 2010 · No Comments · Farm Estate Planning, Management Succession, Planning for Succession, Succession Planning
Successful farmers know that when farm estate planning and planning for succession are in the offing, the most important thing they can do is put their farm insurance agent in the picture.
Like successful professionals of all types, a well respected insurance agent is one whose relationships with their customers is built on a foundation of [...]
Tags: CLU·farm insurance·farm insurance agents·life insurance·term life·whole life insurance
Farm Business Management Leadership Training
August 24th, 2010 · No Comments · Estate Planning, Family Business Succession, Farm Estate Planning, Farm Strategic Planning
Farm management leadership training is a vital component in every farmer expecting to succeed over the long term.
That’s because of the changes in the farming and political environment, as well your employees abilities over time.
And it is a critical component in the long term implementation of farm succession.
Every expert says that leadership is the key [...]
Tags: Business Management Leadership·farm business management·Management Leadership Training
Farm Insurance Agents Leverage the Power of a Farm Buy – Sell Agreement
August 17th, 2010 · No Comments · Family Business Succession, Farm Estate Planning, Farm Succession Planning
Most farmers are of the opinion that one or more of their kids will succeed them owning and managing their farm. But what it it turns out that none of them are interested in running the place?
You have two options.
#1, you can keep working forever (ok you may be able to find someone [...]
Tags: buy sell·buy sell life insurance·buy-sell agreement·farm buy-sell agreement·farm insurance agents
