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Farmers Under Forty
1 years, 3 months ago
from Farmers Under Forty
"For younger generations, approaching these conversations with Mom and Dad can be an uncomfortable and daunting task. Older generations may not be prepared to pass along management of the operation, and younger generations do not want to appear as if they’re trying to take away control.
"However, if these conversations are not held, the passing of a parent or primary owner can result in the loss of an operation, or at the very least, a mess for surviving relatives."
http://www.agriculture.com/farm-management/estate-planning/succession-planning-tools-for-younger-generations