fair not equal

Ownership transitions can be challenging, especially when some heirs are actively involved in the farm’s operations while others are not. Balancing fairness, preserving family relationships, and ensuring the farm’s future success require careful planning and open communication. Here’s a detailed guide to help you navigate this sensitive process. Understanding the Challenges When some heirs work…

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joint ownership

When it comes to farm succession planning, one important decision farm owners face is whether to transfer ownership as a joint ownership or sole ownership. This choice can significantly impact how the farm operates, the relationships between family members, and even the long-term success of the farm. In this article, we’ll explore the benefits and…

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ownership structures

When thinking about transferring a farm, the ownership structure plays a crucial role in ensuring a smooth transition, minimizing taxes, and protecting the farm’s future. Deciding the right structure depends on factors like family involvement, farm size, and long-term goals. Let’s explore the various ownership structures to consider when transferring a farm and how they…

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