Business Succession Planning

Farm and ranch real estate and related livestock, equipment, and other personal property face unique challenges in succession and estate planning. There is a common misconception that federal estate taxes threaten farm or ranch property, preventing assets from getting to rightful heirs. Over the past 20 years, legislation has managed to ease the estate tax burden.

Building a detailed succession and estate plan for your family farm is essential; a failure to do so puts both family harmony and your most valuable asset at risk.

For family business owners, estate planning is crucial to the success of the business. If you have not already drafted an estate plan that includes the succession of your business, begin today.

Learn the many reasons why it is important to have an advisory team for your estate planning.

Having life insurance can give you peace of mind that if something were to happen to you, your family will be able to cover expenses and maintain the same standard of living.