PLANNING HOW TOS
How to talk about who gets the farm
Farm families risk losing their farms when estate and farm succession planning is nonexistent or stalled. Everyone has a plan, whether “default” or “intentional”. The default plan is designed by the state law where the farm family lives and the property is located. The intentional plan is one designed by farm families to carry out their wishes. We interviewed three farm families about their estate and farm succession planning experience. Hear what they have to say…
- Step 1. How to start farm succession planning. Planning ahead can make farm continuation possible…
- Step 2. How to prepare the generations. One of the most critical issues in the “life” of a farm business is…
- Step 3. How to talk about farm succession planning. Communication, although essential, is not always easy…
- Step 4. How to transition from discussion to documentation. Often families avoid planning in order to avoid conflict or facing mortality…
- Step 5. How to plan for life after farming. Planning ahead balances the desires and needs of both generations…
CREDIT HOW TOS
How to obtain your credit report
There are many good reasons to check your credit report. In this case, we are doing it as the first step in lowering the costs of borrowing money.
SAVINGS HOW TOS
How to develop a spending savings plan
Developing a spending savings plan requires the following steps:
- Step 1. How to record income for a spending savings plan.
- Step 2. How to track expenses for a spending savings plan.
- Step 3. How to implement a spending savings plan.
DEBT HOW TOS
How to reduce debt
Reducing debt requires the following steps: