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Property Ownership and Transferring Are Important Features of Your Farm Succession Plan

Paul Goeringer (2017)

Summary

Many people think an estate plan is just a will, but it is much more than that. Your estate plan will typically include documents and tools to distribute your property according to your wishes following your death. When it comes to transitioning your farm or any family business to the next generation, how property is owned and the property transfers prior to your death can be important features of your succession plan or estate plan.