Establishing and maintaining healthy relationships between parents and adult children is challenging at any stage in life, especially during times of change.

For more information see: AGLEGACY.org > Modules

BUILDING TRUST is essential for strengthening family relationships. Trust involves a firm belief in the reliability, truth, ability, or strength of someone or something. It is “a positive psychological state comprising the intention to accept vulnerability based upon positive expectations of the intentions or behavior of another.”
   Differences in values and beliefs can stress intergenerational relationships. Families with more agreement on money management, child-rearing, choice of friends and partners, religious beliefs, and other values experience less stress in their relationships. Building on common beliefs and interests can help.

Are your relationships hot and about to explode or cool and relaxed?


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MANY FACTORS can affect our family relationships. Changes in life situations such as financial struggles, medical problems, parental struggles, and stress. A useful metaphor is to gauge the temperature of our relationships.

View a free recording about anger issues in legacy planning and other important topics
… before time runs out!

To learn more see AGLEGACY.org

We should understand that if we are angry it must mean something. If we consider the real basic reasons why we get angry, one of the most basic reasons is when our goals are blocked. Achieving goals is pretty important to human beings. We can think of anger as one of the mechanisms that allows to power through those frustrations and break through it to obtain our goal.

Family relationships can be one of life’s greatest joys, they can also present challenges when it comes to communication.

EFFECTIVE COMMUNICATION is the foundation upon which strong family relationships are built. It takes time and involves not only speaking but also listening with empathy, understanding, and without judgment. When communication falters, it can lead to a breakdown in trust and cooperation. . .

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See our recording outlining the how to build your relationships with next generation at AGLEGACY.org.

See: AGLEGACY.org

WHAT should your plan for retirement include and how do you put it together? Are there other details you should be worrying about; which ones?

Retirement Plan
The WHY BUILD RELATIONSHIPS module covers challenges to managing relationships between generations in any family. See our recording outlining the how to build your relationships with next generation.

AG LEGACY modules cover the depth and breadth of a complete legacy. AGLEGACY.org

How do YOU Mentor the Next Generation?
is an online module that offers the opportunity for individuals and families to engage anonymously around the topic of mentoring. Sections of this module provide participants the chance to interact with one another, explore the topic of mentoring and what it means, discuss strategies that work and those that have not, and test their knowledge about available resources.
CLICK here to access the online module at no cost.

A little at a time:
   Transferring management information is best over a period of time.

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Questions about when:
What are everyone’s goals for the future of the operation?
What skills do the founding generation currently bring?
What new skills can the incoming generation contribute?
What skill-gaps might be filled through additional training or how might new skills be obtained?
Who is the best fit to take over management?
What roles are members of the incoming generation best suited to take over?
What roles might other family members take-on?
What is the retirement plan for the founding generation?

Next steps:
Look to transition the next generation into positions of greater responsibility as they gain the necessary skills. Remember, we are trying to convey the ability to make sound business decisions. By following a more formal process, we hope to increase the chances of success.

What works for someone else may not fit your family’s needs or goals.

PLANNING HOW to pass down property—both the big items and the little things—is one of the hardest parts of running a family farm or ranch. It’s not just about dividing things up. It’s about deciding how to carry on the legacy and making sure family relationships survive the transition . . .

…to read more click here
 

Practicing relaxation may seem too time-consuming or even like a waste of time for many ranchers and farmers.

Roger holds down a job in town to supplement income from the family ranch. He is up before everyone else in the house on most days, and his schedule and lack of adequate sleep often have him feeling as if he does morning chores in a stupor. Although he is able to recognize stress signals, Roger sometimes feels powerless to address them. “There just isn’t any extra time in my day,” he says.

AG LEGACY can help…
Check the AG LEGACY Materials tab at AGLEGACY.org

View a free recording about the role of power in a legacy at AGLEGACY.org

To learn more see AGLEGACY.org

The Family Business Institute found that only 48 percent of family business owners and managers had a plan in place to transition the business to the next generation. Don’t let fear of giving up power be what holds you back from developing the most important plan of all.