Leaving Your True Legacy
Of the many things you intend to give the next generation, perhaps nothing has as much potential permanence as the principles and philosophies you leave behind.
September 10, 2023 in Succession and Estate Planning
Of the many things you intend to give the next generation, perhaps nothing has as much potential permanence as the principles and philosophies you leave behind.
August 10, 2023 in Conflict Resolution and Communication in Family Business
Every farmer or rancher can point to a neighbor, friend or even their own family to see the disastrous effects of substance abuse and addiction.
June 10, 2023 in Management Issues in Family Business
Family farms and ranches can be great places to work. However, the family perspective brings certain tendencies that can threaten the future of the business, imperiling both the important work and...
May 4, 2023 in Succession and Estate Planning
In family-farm and ranch transitions, valuable gifts are an integral part of estate-planning strategies. But another set of gifts have a high value but a comparatively low cost: gifts rooted in...
April 10, 2023 in Succession and Estate Planning
Life is full of transitions. Bruce Feiler, in his 2020 book “Life Is in the Transitions,” offers tools for many of the transitions in our lives, and those ideas apply to family business succession.
March 18, 2023 in Succession and Estate Planning
As businesses transition from one generation to the next, the type of sacrificial behavior expected, or offered, might change. It’s important to talk about sacrifice and what it currently means to...
January 18, 2023 in Succession and Estate Planning
Here are are eight ideas to bolster your management-succession and estate-planning efforts.
December 18, 2022 in Succession and Estate Planning
The senior generation often receives immense satisfaction in seeing the decades of effort and energy they poured into the business successfully transfer to the next generation of owners. However,...
November 18, 2022 in Succession and Estate Planning
Arthur Brooks’ book, “From Strength to Strength: Finding Success, Happiness, and Deep Purpose in the Second Half of Life,” offers helpful ways to think about your transition from a successful first...
October 18, 2022 in Succession and Estate Planning
Here are four conversations you need to have with heirs.