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Many people tend to avoid the discomfort of issues relating to death and dying, including estate planning. Because of this, more than half of Americans lack basic wills.
To learn more about AG LEGACY materials and for ideas on where to begin see AGLEGACY.org
SAYING “I’M SORRY” is an act all too often overlooked in our daily interactions and there can be many obstacles that keep us from saying these simple words.
Some may see it as being weak or giving-in if they admit that they are sorry to someone else. In reality, it often takes more courage to be the one to go first and you might find that the other person feels the same way.
It is also important to express that you are genuinely sorry and care about the other person, promising to make amends and not repeat the mistake . . .
…to read more click here
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One of a parent’s greatest fears involves what will happen to his or her minor children in the event of the parent’s premature death or incapacity. It may be a good idea to think about what you would like to happen in a true “worst-case scenario” and undertake legal steps to plan for that situation before it happens.
To learn more about AG LEGACY materials and for ideas on where to begin see AGLEGACY.org
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The future success of a family business depends on the ability of the family to transfer management to the next generation, but only 1/3 of family businesses successfully transition. How will you make sure your farm or ranch successfully passes to the next generation?
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Estate planning is perhaps the most caring task you can undertake for your survivors. A number of documents may be used to implement and communicate your goals for your estate. AG LEGACY Materials can help understand what your options are.
AG LEGACY Materials can help understand what your options are. To learn more about AG LEGACY materials and for ideas on where to begin see AGLEGACY.org
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View a free recording about management succession plans and other important topics
…before time runs out!
TO LEARN MORE about succession in your family business and how to discover where you are in the process and for ideas on where to begin see: AGLEGACY.org
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Estate Planning Checklist: Information to Assemble Before Consulting Your Attorney. Do you know what what you should have, where to find it, or how to organize the information? AG LEGACY Materials can help understand how to get started.
AG LEGACY Materials can help understand what your options are. To learn more about AG LEGACY materials and for ideas on where to begin see AGLEGACY.org
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Passing a business from one generation to the next involves transferring both ownership and management of the business from one individual to another. Transferring ownership of the family business assets can be fraught with emotional land mines and the possibility of damaged relationships.
The seven-step Succession Planning Process defines not only how to begin, but also important actions to take throughout the entire transition. Steps include: Establish a Timeline, Establish a Planning Team, Select a Successor, Develop a Written Plan, Communicate the Plan, Plan for Retirement, and Enjoy the Future.
TO LEARN MORE about management succession planning see: AGLEGACY.org
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AG LEGACY Materials can help…
To learn more about AG LEGACY materials and for ideas on where to begin see AGLEGACY.org
#AGLEGACY.org #FarmSuccession #EstatePlanning
Are you struggling to define your own legacy? Is your family wondering where to begin the process of succession of the family farm or ranch? Are you struggling to convey the values and lessons learned in a life spent working on the family operation?
Begin by defining your own Ag Legacy!
Define your own values and life lessons by identifying family traditions, family history, and the beliefs that contribute to your core values. These will guide your decisions day to day. You can then begin the process of preserving and passing on your legacy. We all want to be remembered. By leaving a legacy, the values and life lessons from the past will be passed on and can act as a guide for future generations.
