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Estate Planning

Farm and ranch estate planning news and features. Find information that will help your farm family with business management, legal issues and succession planning. Discover what other farm families are doing to preserve their wealth and provide for an orderly farm transition.

Protecting Assets Against Divorce By: 03/16/2014 @ 9:58pm

Is it necessary to cut a spouse from ownership in order to protect business assets against divorce?By Dr. Donald J. JonovicSubmitted by K.F., via email:My husband and…

Preventing family warfare during a business split By: 03/12/2014 @ 9:38am

By Dr. Donald J. JonovicTHE PROBLEM: Are there ways to help keep business divorces from turning into drawn-out family…

Easing ownership transition fears By: 02/24/2014 @ 10:20am

By Dr. Donald J. Jonovic THE PROBLEM: Is there some way to eliminate the owning generation’s fear of ownership…

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A guide to family meetings By: 01/13/2014 @ 12:46pm

The Hansen family began holding weekly business meetings four years ago. They’ve found that the meetings are critical to the operation of their multigeneration and fully integrated dairy…

Planning meetings essential to partnership By: 01/13/2014 @ 11:41am

By Dr. Donald J. JonovicPROBLEM: Can a partner convince his workaholic co-owner to respect the need for management and planning?SUBMITTED BY K.P. VIA EMAIL:My stepbrother, Dirk, and I took over our…

Can succession planning be forced? By: 12/18/2013 @ 11:18am

By Dr. Donald J. JonovicSubmitted by J.Z., via email:On our farm, my father is now majority owner of farm ground. He was in a partnership with my uncle and my grandfather (both minority landowners) until…

How can you bring arguing heirs together? By: 11/14/2013 @ 1:35pm

By Dr. Donald J. JonovicSUBMITTED BY M.C. VIA EMAIL: You might be interested in a letter I sent to my children who are unable to get along. I want to start clarifying responsibilities and pay, but they…

When a major shareholder wants to sell By: 09/10/2013 @ 12:04pm

Can their problem be solved?By Dr. Donald J. JonovicProblem: How should a family respond to the demands of a major owner who suddenly wants to sell out?Submitted by K.T. via email:I have a very large family…

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