Farm Succession Planning

You work hard to sustain your farm and it is never too soon to think about the critical steps that are necessary to transfer your wealth and farm operation. 

Farm succession planning is often a complex process that requires multiple steps.  To start this process, please see the information given on our Wills, Trusts & Estate Planning page for further information, and also complete a confidential ESTATE PLANNING QUESTIONNAIRE.  The University of Minnesota also has helpful handouts that provide preliminary information about farm succession planning.  After you have completed the questionnaire and collected the requested information, please contact us to make an appointment, where attorney Amy Mursu will guide you through the layers of planning that will be necessary to implement a farm succession plan that is catered to your specific needs.  Planning topics that may be discussed and/or implemented include the following: Revocable Trusts, Family Limited Partnerships and LLCs, Buy-Sell Agreements,  Irrevocable Life Insurance Trusts, Annual Gifting, Company Recapitalization, Intentionally Defective Grantor Trusts, and any other planning measure that would be suitable to meet your needs. 

© 2019 Lakeview Trust & Estate Law, PLLC

The information you obtain at this site is not, nor is it intended to be, legal advice.  You should consult an attorney for advice regarding your individual situation.  We invite you to contact us and welcome your calls, letters and electronic mail.  Contacting us does not create an attorney-client relationship.  Please do not send any confidential information to us until such time as an attorney-client relationship has been established.