In this episode of Ag Law Today, hear me interview Brian Schaumburg on farm succession planning on this episode of Ag Law Today. Don’t forget to subscribe to Ag Law Today on YouTube so you don’t miss a beat. You can watch this episode or other episodes of Ag Law Today (via Purdue University Extension). More info on Ag …
Ask Cari: Q & A on Farm/Ranch Estate and Succession Plan
How can the property and finances be split if a succession plan is Not in place? If you don’t have a plan in writing with a Last Will and Testament, Trust and/or business formation documents (e.g., Operating Agreement or Bylaws) then the law will decide for you. Everybody has an estate plan- it’s what the “default rules” are in your …