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The topic of succession planning is something we will always continue to learn about and today we are taking a unique approach to succession planning and focusing on common misconceptions.
Dairy Stream host Joanna Guza and guest, Attorney Will McKinley, discuss the following topics:
- Most common misconception
- Who should be involved
- Timeline
- Estate plans
- ‘Fair means equal’
- ‘Sweat equity takes the place of wages’
- Giving up control of the farm
- Legal protection from outside forces
- What you should be asking your attorney
- Advice to young farmers
About the guest:
- Will McKinley is the President and CEO of Menn Law Firm, a full-service law firm headquartered in Appleton, Wisconsin, with one of the state's largest agribusiness legal practices. Will focuses primarily on helping farms and ag-related businesses with a wide range of legal issues, but in particular, Will enjoys working with farms on business succession planning.
This is sponsored by the Menn Law Firm.
Resources:
- Menn Law Firm Agribusiness resource
- Contact Will: William-Mckinley@mennlaw.com
Compeer Financial is proud partner of Dairy Stream. Learn more about Dairy Stream sponsorship.
This podcast is produced by the Voice of Milk, a collaboration of individual dairy organizations working to improve the future of dairy farm families. Become a sponsor, share an idea or feedback by emailing podcast@dairyforward.com.
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