Business Succession Planning

The hardest decision in any farm or small business is often how to balance the business needs of the business with the interest in being fair to all of the owner’s children and family members. Balancing the interests of on-farm heirs and off-farm heirs while ensuring the future success of the operation is a challenge that we enjoy helping owners work through.

We strive to blend technical expertise with common sense real world experience in helping families. Our goal is that the farm continues to succeed for future generations, and that issues of inheritance enrich family relationships rather than causing divisions and hard feelings. 

No two families are alike, but no owner wants to see his or her family in litigation. We can help you consider various options including trusts, farm corporations and LLCs, life insurance strategies, buy-sell agreements, and structured buy-outs. Further, where circumstances are appropriate we can assist in succession plans that may involve unrelated third parties as successor owners or operators.

For questions, contact: Paul P. Morf or Travis J. Schroeder.