While succession planning may be a tough topic for farming families, it is a critical piece to ensure a successful transition of ownership when the time comes. The right legal help can assist farmers in navigating this area with confidence and certainty.
Planning early is the first step in starting the conversation. For farmers who are considering transitioning the farm in five or ten years, now is the time to reach out to an attorney. The proper legal counsel will ensure that every succession conversation involves all necessary parties involved in the transition. Tough conversations now can help prevent conflict and animosity among families in the future.
But how do you know if an attorney is right for you? Prioritizing someone with experience in the entire complex process is vital. Talking with neighbors and friends about their succession advisers can help get you started.
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