Why Don’t Family Businesses Plan For Succession?

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#AGLEGACY #FarmSuccession #EstatePlanning


Are there control issues, fears of giving up, an inability to choose, emotional attachments, other issues?


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  • Are there control issues, fears of giving something up, or an inability to choose?
  • Are there emotional attachments, no plans for retirement, or farming lifestyle issues?
  • Does the founding generation have a proprietor, conductor, or technician perspective on the business?
  • What are the relationships of the next generation with the founders? Are they sons, daughters, in-laws, or non-family members?
  • Are there other business issues or succession planning issues that must be addressed to allow the planning process to proceed?
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