#farm-succession

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#estate-planning #succession-planning #family-farm #financial-viability #communication #marital-separation
Agriculture
fromRealagriculture
3 weeks ago

What sets successful farm transitions apart?

Successful farm succession requires early planning, clear respectful communication, a shared vision, addressing misunderstandings promptly, financial viability, adaptability, and treating succession as an ongoing process.
Agriculture
fromIndependent
3 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
4 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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