Succession Planning

Preserve your legacy and put your family at ease by determining how your operation will transition to the next generation. 

These stories, downloadable resources, videos and other materials are benchmarks that ranchers can adapt to fit your unique operation. You’ll find links to additional information to go deeper into each subject area, and we’ve provided a start to get you thinking about incremental improvements that are focused on the betterment of your operation and your most valued resources, your land and livestock. 

Articles and Resources

What is Estate Planning and Why Should a Rancher Embrace It? 

Estate planning is not a one-time event. Instead, it is an ongoing process designed to accomplish accumulation, preservation and distribution objectives–both during a rancher’s lifetime and after his or her death.

Understanding Farm Business Transfer Strategies 

Learn about sole proprietorships, joint ventures, partnerships and corporations to find the financial structure that fits with the future vision of your operation.

Tips To Better Communication During Farm Succession Planning 

Farming together requires good communications, mutual respect and trust. It is necessary for everyone to be willing to give and take. This is probably the most stressful part of farming.

Passing The Ranch On: How to Figure Out What a Transition Might Look Like 

When you begin discussions on what transitioning your ranch might look like, you and your children should answer each of these questions to help better shape your planning decisions and the future of your operation.

10 Ways Family Members Sabotage the Implementation of a Ranch Transition Plan 

Planning an estate can benefit every agricultural family. The process of creating a plan reduces the stress and uncertainty of not talking about important issues. It’s a hard conversation but it ultimately benefits the operation and the family.

Tailored Advice From Experts

Would you like more information on Trust in Beef topics from the experts?