Lack of succession planning is the biggest threat to your family farm that you can actually control. Next to commodity prices, your transfer plan is the biggest variable in the future of your farm. Succession is about so much more than minimizing taxes or distributing your estate—neglecting to care for it puts your legacy and family harmony at risk.
A complete transfer plan involves as many as 10 different specialty areas. No individual can help you with your entire plan–even if they claim that they can.
This talk outlines what you need to discuss when considering your succession plan. How do you manage the process and who can assist you with designing a plan best suited for your family and farm? What are the typical obstacles that farmers run into with their farm transfers? By engaging a professional you can learn from other people’s—and generations—experience.
“But Do We Have to Do It Now?”
You don’t need a succession plan if you:
- Know someone who is good at séances and can contact your deceased loved ones to find out what their intentions for the farm.
- Want more stress in the future than you have now.
- Want revenue Canada to be #1 on your list of charitable donations.
It’s always hard to face tough decisions, but a good business manager deals with issues sooner than later. This seminar helps you clarify your needs and jump start your future by helping you face important, soul searching questions like:
- Why do I do what I do?
- Who am I doing it for?
- What do I want my legacy to look like?
- Is it on track to look that way?
- Am I being honest with myself?
By asking these questions in an organized way and accessing a team of professionals in the relevant areas, you can rest easy that you’re taking care of your family and farm.