#farm-succession

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Agriculture
fromRealagriculture
3 days ago

Do you want a plan or a crisis? Connecting the older and younger generation in farm transition

Farm succession planning requires a proactive approach and a team of trusted advisors to navigate its complexities effectively.
Agriculture
fromRealagriculture
4 days ago

Succession beyond the spreadsheet with Ron Krahn - How Could I Know? Ep 4

Communication is crucial in farm succession planning, often overlooked in favor of financial aspects.
fromRealagriculture
2 months ago

What sets successful farm transitions apart?

Based on years of post-transition reviews, MNP has identified seven traits common to successful farm families, MacLean says. First, they start early. Early planning allows flexibility and time to work through the tough stuff. Clear, respectful communication is the second trait - and it's essential. Families who talk openly and establish expectations avoid the dangerous territory of unspoken assumptions. Farms that navigate the process well have a shared vision.
Agriculture
Agriculture
fromIndependent
5 months ago

'I split from my wife 12 years ago but we never divorced and I'm worried I can't leave the family farm to our son without her getting a share. What should I do?'

A separated but still-married spouse retains legal inheritance rights; careful estate planning and legal advice are needed before transferring the farm to a child.
Agriculture
fromIndependent
6 months ago

'I've farmed at home for 20 years, now my brother-in-law is muscling in, what can I do?'

Adult child fears being excluded from inheriting the family farm after father defers decisions to a new partner.
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