#AGLEGACY #FarmSuccession #EstatePlanning
Legacy grows when leadership is shared
WHEN FAMILIES TALK about passing down the farm, they often think about writing a will or transferring the deed. However, it is important to remember that true succession planning is actually about the transition of leadership, while estate planning is about the transition of assets. Ownership means you hold the deed to the land, the equipment, and the net worth of the business. Leadership, on the other hand, is about running the day-to-day operations, being responsible for the financial performance, and using the right skills and competence to make the business successful …
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