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ADDRESSING FAMILY STRESS:
Culture of open communication
Allow sharing of ideas openly
Everyone wants to feel their opinions
are heard and matter
Family meetings
Family business meetings
OTHER COPING SKILLS:
Making decisions democratically
Planning ahead for stressors
Reduce blame
More emphasis on “quality family time”
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The law in some states allow a person who has signed a will to use a separate document (Personal Property Memorandum) to direct who will receive certain pieces of tangible personal property after death. Such a list provides a great deal of flexibility without the need to constantly update a will.
To learn more about AG LEGACY materials and for ideas on where to begin see AGLEGACY.org
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The Why Build Relationships module covers challenges to managing relationships between generations in any family. See our recording outlining the how to build your relationships with next generation at AGLEGACY.org.
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Many people tend to avoid the discomfort of issues relating to death and dying, including estate planning. Because of this, more than half of Americans lack basic wills.
To learn more about AG LEGACY materials and for ideas on where to begin see AGLEGACY.org
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* Who will take over as this generation continues to age?
* How we can build relationships between generations now?
* What makes farm and ranch families unique?
* What are the sources of stress among and between generations?
* How do we counter-act the stresses of modern life?
* What can we do to reduce the blaming in our communications?
FOR ANSWERS:
See our recent newsletter and online module materials covering: Why Grow Relationships with the Next Generation?
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One of a parent’s greatest fears involves what will happen to his or her minor children in the event of the parent’s premature death or incapacity. It may be a good idea to think about what you would like to happen in a true “worst-case scenario” and undertake legal steps to plan for that situation before it happens.
To learn more about AG LEGACY materials and for ideas on where to begin see AGLEGACY.org
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Helping agriculture nurture its legacy . . .
A legacy is the summation of a lifetime of achievement and the context in which that lifetime will be remembered. A legacy is not just money but a reputation, what was accomplished, and the difference a person makes in the world as they pass through.
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Estate planning is perhaps the most caring task you can undertake for your survivors. A number of documents may be used to implement and communicate your goals for your estate. AG LEGACY Materials can help understand what your options are.
AG LEGACY Materials can help understand what your options are. To learn more about AG LEGACY materials and for ideas on where to begin see AGLEGACY.org
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* Relationships between parents and adult children are “ambivalent relationships,” meaning they contain both positive and negative perceptions.
* Today, increasing life expectancies mean that family members will spend more time in intergenerational roles requiring negotiation and understanding in dealing with change.
* Sensitive issues, such as money, death, and family relations are difficult issues not only to bring up, but also to talk about in any depth. It is hard to approach these issues calmly when there are strong feelings about what is important.
* Farm and ranch families face the same trials and difficulties encountered by other families, the difference is that their livelihood, the farm or ranch, is tied into it.
* This increases the importance of intentional efforts to address these challenges and maintain good parent/child relationships.
* A family may find that it is too late if they wait until it is time to transition the farm or ranch to the next generation. This can add even another source of stress and difficulty to an already challenging process.
AG LEGACY Materials can help understand what your options are. To learn more about AG LEGACY materials and for ideas on where to begin see AGLEGACY.org
