Succession planning is essential to the process of passing a farm on to the next generation as smoothly and successfully as possible.
Talking to your family about a succession plan can be difficult, and the thought of handing your farm over may be uncomfortable. Taking the time to develop a successful transition plan can help:
- Preserve the farm legacy
- Provide an orderly transition of ownership and management
- Preserve the value created by the farm
- Provide for financial basics
- Turn illiquid assets into cash for taxes and expenses
Succession planning always starts with a conversation.
Let's discuss how we can keep your legacy alive.
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