Farm Estate Planning Life Insurance is ALWAYS The Answer
If life insurance is ALWAYS the answer, what’s the question?
The question is, “what is the most effective way of adding cash to your farm, at the most inopportune and often the most unexpected time?”
When someone dies, usually a surprise to everybody, cash is required.
It’s required to repay loans, it’s required to provide an income for the surviving spouse, replace a key person, and it’s required to pay taxes.
Make no mistake about it, cash will be required and it will have to come from someplace.
Where will the cash come from?
Will someone drop off a check, will you simply take the cash out of savings, or will you have to raise the money some other way?
Read the whole story to thoughtfully consider your alternatives for raising the cash required to fulfill your farm’s estate planning and farm succession planning obligations.
Recommended Reading
- Family Farm Succession Planning
- Seriously, What Are You Actually Doing About Your Farm Succession Planning?
- Farm Success Nowadays Requires Excellent Management Competencies
- Are You Honestly Doing Something About Your Farm Succession Planning Or Not?
- Farm Succession and Strategic Planning Group
