By Paul Schmitt
Starting an initial conversation at home about turning over a family farm to the next generation is a good first step in a farmer’s succession plan. Attorney Stacy Vogeltanz of Ross Estate Planning says a farm should be treated like a business.
Vogeltanz says farmers need to evaluate if the farm is going to be inherited or sold to one child or more than one of their children. The two biggest concerns Vogeltanz hears are that people do not know where to start and how to treat all their children fairly. For the complete interview with Stacy Vogeltanz on Farm Succession, go to the links below: