Archive for November 2024
How do we ensure that our children’s spouses are not involved in ownership disputes?
Ensuring that your children’s spouses are not involved in ownership disputes when passing on a family business or property is a thoughtful step in preserving family harmony and securing the future of your assets. This issue often arises in farm or family business succession planning, where the ownership and management responsibilities shift to the next…
Read MoreKindred Podcast Episode 4: Retirement Planning Key to Successful Farm Succession
Retirement planning is crucial for everyone, but it’s especially important for farmers who want to ensure their hard work and legacy live on. As part of the farm succession planning process, considering where and how you will live, as well as your anticipated income and health care costs, is vital. Let’s dive into why retirement…
Read MoreWhat legal agreements are necessary to protect family relationships and farm assets?
When it comes to preserving family relationships and protecting farm assets, legal agreements are essential tools for creating a smooth, transparent, and fair path for the future. By putting these agreements in place, farm families can avoid misunderstandings, maintain family unity, and ensure the farm is well-protected for generations. Let’s explore the most crucial legal…
Read MoreWhat Role Will We Play in the Farm Business After the Transfer?
When a farm goes through a transfer process, it’s more than just paperwork—it’s a shift in the responsibilities, roles, and daily life for everyone involved. For many farm owners passing their farm to the next generation, it’s common to wonder what role they will play after the transfer. Will they continue to have a hand…
Read MoreHow do we ensure that our children’s spouses are not involved in ownership disputes?
Ownership disputes can create stress and lead to conflicts, particularly when it comes to passing down family assets like a business or property. Family succession planning helps protect the family’s wealth, ensuring a smooth transition while keeping everyone on the same page. A common concern is preventing future spouses of children from becoming involved in…
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