It's a tricky decision.  You contact an attorney and he says he can help with your estate plan.  But is he the right person for the job?  Brian Hensley, a legacy advisor with Water Street Solutions says this is a decision to be made carefully.  Watch THIS  SHORT VIDEO for more information.

As you get closer to transitioning your farm to the next generation, have you ever thought about what the last tax bill for your farm might look like? If you've taken advantage of tax deferments, that number might surprise you.

In his weekly Finance First post on FarmFutures.com, Darren Frye, President and CEO of Water Street Solutions, talks about how proactive tax planning is part of the legacy of your farm. Read it HERE.

Why have you been putting it off?  Sometimes it's fear that keeps us from moving forward with a legacy plan...according to Ben Metzger, Director of Legacy Planning with Water Street Solutions.  And as he shares with KRVN's Dewey Nelson, sometimes that fear is totally unfounded....so move forward!  What Holds Us Back from Legacy Planning Metzger AUDIO

For the text of the interview, click here: What Holds Us Back from Legacy Planning?

You know it's something that you have to do "when you have time".  But perhaps you just need to make time instead of continually putting it off.  Think of it as a gift you give to the next generation and to your legacy.  This VIDEO contains more information.  After you watch it, show it to Mom and Dad.

If you're anything like most farmers, it's hard to think about not being on the farm some day. There are any number of reasons we can put off starting a legacy plan, but the truth is that none of them are good reasons to delay the certainty that comes with having a plan for the future.

In his weekly Finance First post on FarmFutures.com, Darren Frye, President and CEO of Water Street Solutions, talks about the fears that can hold us back from starting a legacy plan for the farm. Read it HERE.

There are a lot of terms involved in the process of passing your farming business to the next generation.  Let's say you have a will that designates who will own the farm next.  Are you done?  Not if you want the next generation to continue to farm profitably.  This video contains more detail.

Sure, you can just fill out some online form and call it good for your business succession plan and legacy plan.  But that's probably not going to get you a great transition to the next farming generation.  Take a look at THIS SHORT VIDEO for more detail. 

Water Street Solutions has three legacy advisors who can work with you. 

Once you finally get in the field, you'll be going hard - but you should have some thinking time in the cab.  David Dam, Director of Training at Water Street Solutions gives you something to think about.  He talks about it here with Dewey Nelson from KRVN.  Harness the Power of Your Tractor Time and Your Business Gauges  Dam AUDIO

For the text of the interview, click here: Harness the Power of Your Tractor Time and Your Business Gauges

"Hey!  I'll be dead - so I won't care!"  That's something that's been said by farmers when it comes to the topic of legacy planning or succession planning.  And that's when you see the farmer's wife make a bad face.  Rightly so, says Ben Metzger, Director of Legacy Planning at Water Street Solutions.  He tells Dewey Nelson from KRVN that you don't do legacy planning for yourself, you do it for the future of your family and your farm.  Farm Legacy Planning is a Selfless Act Metzger AUDIO

For the text of the interview, click here: Farm Legacy Planning is a Selfless Act

With succession planning one of the top concerns of farmers, spring planting season can be a good opportunity to train the future leaders of the farm. But how can you best go about this - and where should you start?

Darren Frye, President and CEO of Water Street Solutions has some ideas on 'spring training' for the next generation in the AgriNews this month. Read it HERE.