#AGLEGACY.org #FarmSuccession #EstatePlanning

   Overwhelmingly, the biggest source of stress in farm family relationships is the transfer of the farm or ranch to the next generation. This may be due, in part, to the fact that transferring the farm or ranch to the next generation can often amplify other stress factors that family members may be experiencing.
   Learn more about growing relationships with the next generation and communication skills via the AGLEGACY module: Why Grow Relationships with the next Generation? The 4-page, HOW*TO guide and online module materials can help individuals and ag families improve their relationships and their chances for leaving their desired legacy.

AG LEGACY Materials can help…
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

   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

* 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

A power of attorney is one of the most important estate planning documents you can create, but it is also one that can be misused. Unfortunately, a power of attorney in the wrong hands or with too much power can cause tremendous problems. The largest source of financial exploitation is family members, especially adult children, who were granted POA by their older family member(s) in their estate plans.

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

#AGLEGACY.org #FarmSuccession #EstatePlanning

Saying “I’m sorry” is an act all too often overlooked in our daily interactions. There can be many obstacles that keep us from saying these simple words.

Should you apologize? You may feel that you don’t need to apologize or maybe that the other person should apologize to you.

Why is something that we are constantly reminding our kids to practice, so difficult for us to say?

An effective apology contains five elements, while an ineffective apology usually misses the mark on at least one of these areas:
• Acknowledge the Offense;
• Explain What Happened;
• Express Remorse;
• Offer to Make Reparations; and
• Listen.

AGLEGACY offers a perspective: AGLEGACY.org

#AGLEGACY.org #FarmSuccession #EstatePlanning

A will is a document that describes the last wishes of an individual after his or her death, including how property should be distributed and who should manage the estate of the deceased person. A will’s primary functions can be divided into two categories: (1) those directing the distribution of the decedent’s estate and (2) those nominating individuals to represent the decedent and his or her estate.

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 expressing sorrow in a legacy and other topics
…before time runs out!

AGLEGACY offers a perspective: AGLEGACY.org