PUBLICATION SP822A
Farmland Legacy Series: Chapter 1 Why Succession Planning?
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Summary
Guidance for Tennessee farm families on planning the transfer of a farm to the next generation, with information on communication, estate planning, business structure, retirement, record keeping, and working with professional advisors. Emphasizes that succession is a long-term process involving both family and financial decisions, aimed at preserving the farm, supporting retirement, and improving the chances of a successful transition.
Publications in Series: Farmland Legacy Series Planning Today for Tomorrow's Farms
Farmland Legacy Series: Chapter 2 The Family Discussion
Farmland Legacy Series: Chapter 3 Taking Stock of Your Estate
Farmland Legacy Series: Chapter 4 Business and Organizational Structure
Chapter 5: Estate Planning Tools
Farmland Legacy Series: Chapter 6 Finding and Working with Professionals
Farmland Legacy Series: Chapter 7 Retirement Planning: Realities and Resources
Farmland Legacy Series: Chapter 8 Glossary
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