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Category Archives: Succession planning
Legislation Reintroduced to Congress to Kill the Death Tax
“The Death Tax is a direct threat to our state’s number one economic driver,” Daines stated. “Montana family farms — many of which have been passed down from generation to generation crumble under the weight of this federal theft.” It never ceases to amaze me … Continue reading
Poll shows less than half of BEEF readers have a succession plan
by Amanda Radke in BEEF Daily This week’s poll on beefmagazine.com asks, “Do you have a succession plan in place?” With an estimated 400 million acres to change hands in the next 20 years, having a plan for your … Continue reading
Buy In Or Buy Out
If the kids want to be in business, they should make a business-like decision to buy in. Skin in the game is the best motivator of all. — jtl, 419 Dave Pratt via Ranching for Profit Blog In response to … Continue reading
Posted in Estate Plannning, Succession planning
Tagged estate planning, succession planning
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5 questions ranch families should ask before adding the next generation to the business
Ranching is a family business, but it isn’t always easy being in business with multiple generations and in-laws. Here are five questions ranching families should ask before inviting another generation into the business. Something comes to mind that (I seem … Continue reading
10 Resources for Ranching With Multiple Generations
by Amanda Radke in BEEF Daily Do you work with multiple generations on your ranch? Here are 10 resources to help you manage your family business better. Ranching is a family affair. 97% of farms are family-owned and operated, and many of those … Continue reading
Posted in Estate Plannning, Succession planning
Tagged estate planning, succession planning
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Farm Estate and Succession Planning
By: Andrew Zenk via Legacy Project Federal Estate Tax: What Is It? How Is It Calculated? The federal estate tax is set “permanently” for $5,000,000 per person, indexed each year for inflation. “Permanently” means that it is not set to automatically … Continue reading
Posted in Estate Plannning, Ranch Economics, Succession planning
Tagged estate planning, succession planning
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Nothing Sucks Like Succession
by Dave Pratt via Ranching for Profit Blog You know how difficult it was to have that talk with your kids about the facts of life? There is a talk that you need to have with your family that is … Continue reading
Posted in Business planning, Cowboy Culture and Heritage, estate planning, Ranch business planning, Ranch Economics, Succession planning
Tagged Amazon Kindle, Amazon.com, Cowboy, estate planning, Gunnery Sergeant, LaBaume, Misfits, Ranch, ranch business planning, succession planning, Warriors
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