Farm Succession Planning Is Also Business Planning: What Illinois Farm Families Should Consider

Farm Succession Planning Is Also Business Planning: What Illinois Farm Families Should Consider

Dimple DangFamily Farm, Farm Law, Farm Life, Farm Succession Planning

Farm Succession Planning Is Also Business Planning: What Illinois Farm Families Should Consider is an important reminder that passing down a farm is not only an estate planning issue. For many Illinois farm families, succession planning may also involve business structure, management authority, contracts, leases, taxes, family communication, land ownership, and long-term decision-making. A farm is often more than a …

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