Farm Estate and Succession Planning: Failing to Plan is Planning to Fail

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In the words of Alan Lakein, “[f]ailing to plan is planning to fail.” About 90% of farming operations do not survive the transition to the next generation. There are many possible reasons why a family farm does not succeed to a future generation; however, poor estate and succession planning is a prominent concern among the agricultural industry.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Cari Rincker, Rincker Law, PLLC | Attorney Advertising

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