Farm Succession Planning

The cornerstone for a farm’s long lasting success stands out as the ability (no definitely not the ability but the enthusiasm) to undertake what is necessary in order to pass the farm operation from your existing senior generation to the next. And even while the successor is usually a person you are related to, it [...]

Maybe thirty years ago a prominent estate planning lawyer smiled and told me that, from his numerous years of experience, farms and companies are structured because, in his words, that is the way they were originally arranged. I was young and inexperienced and didn’t comprehend what he meant when told me that one of the [...]

The key to the farm’s continued success is the ability (no not really the ability rather the motivation) to perform what’s important to be able to pass the farm from the present-day senior generation to the next. Although the next generation is normally a person you are related to, it need not be. It can [...]

A long time ago a leading estate planning attorney at law explained to me that, from his years of experience, farms and companies are arranged simply because, in his words, that is the way they were initially arranged. I was naive and inexperienced and didn’t comprehend what he meant when asserted one of the greatest [...]