Items Tagged with 'retirement'
ARTICLES
Methods to approaching tough transition conversations have evolved over the years, and today the best way forward starts by knowing your motivation for farm transition.
Read More
It’s only your future and legacy at stake
Setting exit goals and assessing financial readiness can help you make impactful decisions for your farm during the succession-planning process.
Read More
Anticipating and adapting to upcoming tax revisions
Insights on 2023 tax return changes and anticipated tax revisions post-2025, including adjustments to deductions, tax bracket and estate tax limits.
Read More
Farm succession: Opening the door to a difficult conversation
Farm succession planning is a difficult topic to discuss with family. However, initiating a conversation about succession is essential for the long-term sustainability and success of the farm.
Read More
Why you need to build your personal wealth bubble
Building wealth beyond the farm assets provides flexibility for living expenses and transfer of wealth to non-farm heirs.
Read More
Create an effective conversation on farm transition
Change is difficult, whether it is a change in business or transitioning the business from one generation to the next. Develop a plan and effectively communicate between parties to avoid a failed transition.
Read More
Manageable steps to make progress with succession planning this year
Succession planning is a marathon – not a sprint. Families should identify their goals, create a plan and establish a tempo that works for them in order to sustain the momentum needed to reach the finish line.
Read More
Are you setting clear expectations?
Setting clear expectations is very important to keep everyone on track and to avoid situations that can derail the team and may end up affecting your succession plan.
Read More