#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
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.
#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
#AGLEGACY.org #FarmSuccession #EstatePlanning
TRUST is a: “Firm belief in the reliability, truth, ability, or strength of someone or something.” Or stated another way, “Trust is a positive psychological state comprising the intention to accept vulnerability based upon positive expectations of the intentions or behavior of another.”
The level of trust one is willing to invest in a relationship relates to our perceptions and assumptions of how another person will act.
We accept a level of vulnerability when we choose to trust another.
Seven barriers to trust include: desire to control, dishonesty, self-centeredness, lack of openness, failure to communicate, lack of empathy, and lack of positive feelings.
Trust requires: integrity, loyalty respect reliability and consistency.
Building trust requires that we: Take time to read the other person’s signals. Are they sending signals of mistrust? Also be aware of the signals you are sending.
AG LEGACY Materials can help…
To learn more about AG LEGACY materials and for ideas on where to begin see AGLEGACY.org
#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
View a free recording about trust in relationships and your Ag Legacy… before time runs out!
AG LEGACY Materials can help…
To learn more about AG LEGACY materials and for ideas on where to begin see AGLEGACY.org
#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
#AGLEGACY.org #FarmSuccession #EstatePlanning
Lack of effective communication among family members is the root cause of most family business failures. Effective communication between parents and their adult children is essential for transfer of a legacy from one generation to the next.
Learn more about good communication skills and how to become better via the AGLEGACY module: Communicating with the Next Generation. The 4-page, HOW*TO guide and online module materials can help individuals and ag families improve communication skills and their chances for leaving their desired legacy.
AG LEGACY Materials can help…
See: AGLEGACY.org
#AGLEGACY.org #FarmSuccession #EstatePlanning
Trust is not easily given and is even harder to earn back once broken. Understanding the factors that can affect trust in a relationship is a great place to begin to understand how to build, or rebuild, trust.
The level of trust one is willing to invest in a relationship relates to our perceptions and assumptions of how another person will act. We accept a level of vulnerability when we choose to trust another.
Three common characteristics of families who are able to sustain a culture of trust:
1. Family members are reliable. They do what they say they will do.
2. They demonstrate feelings of intimacy. They care about each other and they like being together.
3. They are honest with each other. They have open, direct communication — they are willing to speak and to listen when difficult things need to be said.
Being members of a family unit already introduces a level of vulnerability. Allowing yourself to expand this vulnerability into the business side of a family business can help to open a new level of trust.
AG LEGACY Materials can help…
To learn more about AG LEGACY materials and for ideas on where to begin see AGLEGACY.org
