Some families are comfortable with family meetings, and others are not. Goals and Principles of Family Farm Transfers Helling and Stover believe families can use the chart on this page to begin discussing transfer goals and principles. For example, in column two, it's extremely difficult to provide equal treatment to several children, while trying to preserve the farm, maintain the farm's financial viability, or use the farm as a retirement package. A team of advisers also can help bring family members into the process. It may take years to lay the groundwork for an effective succession or a solid estate plan.
Today is the best time to begin planting the seeds.
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