Publications for Business Succession Planning

Is it time for your first meeting with an estate planning attorney? We understand that the initial meeting with an estate planning attorney can be a stressful event.

The Grand Rapids Business Journal picked up shareholder Jonathan J. David's article on estate planning for small business. This column covered the main points from David's new ebook along with some tips for business owners on sucession planning. 

Planning for the future of your ag business is critical. Advanced planning allows the family to transfer management and ownership how they want and to address legal, tax, and family relationship issues sooner rather than being forced to react after the death of a family member.

From commodity prices to the weather, uncertainty is a fact of life in agriculture. There is one essential factor for long term success, however, that a family farm can control – careful estate and succession planning.

Succession planning is the process of formally transitioning management and ownership of an agricultural business from one generation to the next.