1. FARM TRANSITION: PLANNING FOR THE NEXT GENERATION

2. Why Undertake Estate and Farm Transition Planning?

3. First Step is to DECIDE TO TAKE ACTION to Protect Your Future and Your Family Life Happens, Asset Protection, Reduce Risk

4. Second Step DETERMINE YOUR NEEDS AND DESIRES

5. Family Farm Transfer? Retirement? Equity? Gifting? Risk Management? Tax Protection?

6. Risks To Transition Death Disability Disaster Divorce Disagreement Debt Planning Allows You to Assess Risk Retain Flexibility

7. Third Step COMMUNICATE YOUR DESIRES

8. THIS MAY BE THE MOST DIFFICULT STEP Can Be The Step That Causes Avoidance Of Planning

9. Parents Developing Goals and Objectives Based on Desires and Needs Important to Successful Family Meetings

10. Fourth Step Assemble a team of trusted professionals to assist you and your family in making decisions for the future

11. Team May Include: Attorney Financial Planner Accountant Appraiser Insurance Agent Financial Institutions

12. Planning the future of your farm is important!