Are you certain you've taken all the steps necessary to ensure your farm will prosper in the next generation? Have you communicated well with all of the stakeholders? At Water Street Solutions, our goal is to eliminate the uncertainty you are likely feeling about this. We strive to provide you with the confidence that your hard work will transfer smoothly to the next generation. We walk clients through our phased approach which allows them the opportunity to know that each area of planning has been addressed.
Legacy planning is important, but perhaps not urgent, so it gets pushed to the future. Often we just don't know where to start with a big project like this. Very few families have a complete estate and transition plan. Many have a few pieces completed - like wills, trusts, and life insurance policies. Sometimes the challenge is that no one in the family is coming back to the farm. Are you confident that your current plan would serve you well?
Water Street Solutions is a neutral third party to help guide the discussions forward, understanding the true wants and needs of every family member and crafting a plan to address them.
by Kim Lang
May 22, 2013
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.
by Kim Lang
May 2, 2013
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.
by Kim Lang
April 30, 2013
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
by Kim Lang
April 23, 2013
"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
by Heather Lauf
April 22, 2013
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.