STRESS is our bodies’ natural reaction to a demand or “stressor.” Much short-term stress can be positive: it motivates us to succeed with a challenge. But long term stress can be harmful to your health. A rural lifestyle may bring with it stressors of isolation, financial worries, and factors that are out of the control of the farmer/rancher such as weather, market prices, etc. Combined, these stressors place people at a greater risk for chronic stress, making it hard for them to move forward to positive solutions.
   If an individual or family member is unwilling to take the initiative, or if there might be some danger if quick action is not taken, you may want to take the lead. Ask for permission to contact an agency or community resource; then get in touch, share your concern and discuss how the office will respond to this referral.

See UW Extension | FARM STRESS for more at:
https://www.uwyo.edu/uwe/programs/farm-stress.html

#AGLEGACY.org #FarmSuccession #EstatePlanning

Non-titled property has no document specifying who officially owns the property. And, while it may or may not represent substantial monetary value, it often carries notable emotional value for family members of the owner. How do you plan to distribute your possessions of emotional value to the next generation?

TO LEARN MORE about possessions of emotional value see: AGLEGACY.org

#AGLEGACY.org #FarmSuccession #EstatePlanning

#AGLEGACY.org #FarmSuccession #EstatePlanning

Passing it On: An Estate Planning Resource Guide for Wyoming’s Farmers and Ranchers contains a series of 9 short chapters providing a hands-on guide for developing your estate plan. It covers everything from success stories, tools, and developing goals, to succession planning, and coming to a good agreement.

To learn more about AG LEGACY materials and for ideas on where to begin see: AGLEGACY.org

View a free recording about Possessions of Emotional Value and other important topics
…before time runs out!

TO LEARN MORE about possessions of emotional value see: AGLEGACY.org

#AGLEGACY.org #FarmSuccession #EstatePlanning

#AGLEGACY.org #FarmSuccession #EstatePlanning

Western Farm and Ranch Transition Strategies contains a series of 10 short stories describing farm and ranch families struggling with the challenges of transitioning management responsibilities to the next generation. Learn their secrets and improve your chances of success.

Check the AG LEGACY Materials tab at AGLEGACY.org

* Do you own titled property? Untitled property? Do you plan to pass that property to the next generation?
* Have you considered making a list of personal items and explaining why they are special to you as a gift to the next generation?
* Most elders have the goal of being fair in their distribution of property to the next generation. Have you considered whether equal or equitable best fits your sense of what is fair?
* Have you considered the method you might use to distribute property to the next generation: formal methods or informal, gifting, sales, donations, or other possibilities? Have you shared that with the next generation?

For Answers to these questions and much more see our recent newsletter and online module materials covering: the 2nd most important component of a legacy: Possessions of Emotional Value – Equal or Equitable?

#AGLEGACY.org #FarmSuccession #EstatePlanning

#AGLEGACY.org #FarmSuccession #EstatePlanning

The Management Succession Workbook provides worksheets, checklists and readings ranch & farm families can use to plan for and document their succession issues, a companion to the free online Management Succession 3-course series.

To learn more about AG LEGACY materials and for ideas on where to begin see: AGLEGACY.org

#AGLEGACY.org #FarmSuccession #EstatePlanning

The future success of a family business depends on the ability of the family to transfer management to the next generation, but only 1/3 of family businesses successfully transition. How will you make sure your farm or ranch successfully passes to the next generation?

#AGLEGACY.org #FarmSuccession #EstatePlanning

The Lasting Legacy Workbook provides worksheets, checklists and readings that families can use to plan for and document their own legacy issues, a companion to the free online Lasting Legacy 2-course series.

AG LEGACY can help…
Check the AG LEGACY Materials tab at AGLEGACY.org