Estate planning for agriculture’s next generation | TSLN.com

Estate planning for agriculture’s next generation

Amanda Nolz

It’s been said that two-thirds of all family ranches don’t make it past the second generation. Was the ranch really at its last chapter, or did it end by choice? For many, a lack of proper estate planning causes more than a headache for a ranch’s successors; often, it means the end of a family tradition in agriculture.

While setting up an estate plan can be a long, difficult task, the benefits are well worth the time invested in the paperwork. Director of Wealth Management at First National Bank South Dakota, Todd Muehler, addressed this topic to a group of producers at Dakotafest in Mitchell, SD on Aug. 18, 2009. His presentation was titled, “Weath Management, Preservation and Transfer Techniques,” and he gave some points for producers to consider when beginning the difficult task of succession planning.

It’s been said that two-thirds of all family ranches don’t make it past the second generation. Was the ranch really at its last chapter, or did it end by choice? For many, a lack of proper estate planning causes more than a headache for a ranch’s successors; often, it means the end of a family tradition in agriculture.

While setting up an estate plan can be a long, difficult task, the benefits are well worth the time invested in the paperwork. Director of Wealth Management at First National Bank South Dakota, Todd Muehler, addressed this topic to a group of producers at Dakotafest in Mitchell, SD on Aug. 18, 2009. His presentation was titled, “Weath Management, Preservation and Transfer Techniques,” and he gave some points for producers to consider when beginning the difficult task of succession planning.

It’s been said that two-thirds of all family ranches don’t make it past the second generation. Was the ranch really at its last chapter, or did it end by choice? For many, a lack of proper estate planning causes more than a headache for a ranch’s successors; often, it means the end of a family tradition in agriculture.

While setting up an estate plan can be a long, difficult task, the benefits are well worth the time invested in the paperwork. Director of Wealth Management at First National Bank South Dakota, Todd Muehler, addressed this topic to a group of producers at Dakotafest in Mitchell, SD on Aug. 18, 2009. His presentation was titled, “Weath Management, Preservation and Transfer Techniques,” and he gave some points for producers to consider when beginning the difficult task of succession planning.

Recommended Stories For You

It’s been said that two-thirds of all family ranches don’t make it past the second generation. Was the ranch really at its last chapter, or did it end by choice? For many, a lack of proper estate planning causes more than a headache for a ranch’s successors; often, it means the end of a family tradition in agriculture.

While setting up an estate plan can be a long, difficult task, the benefits are well worth the time invested in the paperwork. Director of Wealth Management at First National Bank South Dakota, Todd Muehler, addressed this topic to a group of producers at Dakotafest in Mitchell, SD on Aug. 18, 2009. His presentation was titled, “Weath Management, Preservation and Transfer Techniques,” and he gave some points for producers to consider when beginning the difficult task of succession planning.