Farm Succession Planning

Way back when I was just starting out a popular estate planning attorney at law told me that, from his many years of experience, farms and businesses are organized because, in his words, that is how they were originally arranged. I was young and didn’t comprehend what he meant when told me that one of [...]

The true secret for a farm’s lasting success is the ability (no not the ability but the readiness) to do what is actually mandatory for you to pass your farm from your present older generation to the next. Although the successor is commonly someone you are related to, it needn’t be. It could be a [...]

A long time ago a notable estate planning attorney at law told me that, from his numerous years of experience, farms and companies are structured because, in his words, that’s how they were originally organized. I was young and inexperienced and didn’t comprehend what he meant when declared that one of the most damaging stumbling [...]

The crucial element to your farm’s long-term prosperity is the ability (no not really the ability rather the enthusiasm) to undertake what is mandatory to be able to pass the farm from your current senior generation to another. And while the successor is typically a person you are related to, it need not be. It [...]

Years ago a distinguished estate planning attorney laughed and said that, from his numerous years of experience, farms and companies are organized because, in his words, that’s the way they were originally arranged. I was naive and inexperienced and didn’t fully grasp what he meant when stated that one of the most damaging stumbling blocks [...]