The Farm's Legacy: A Guidebook for Intra-Family Succession

The Farm's Legacy: A Guidebook for Intra-Family Succession is a publication authored by the Purdue Succession Planning Team. This guidebook is a culmination of years of firsthand knowledge and expertise with farm families and the intricate inter-workings of the succession planning process. Within this guidebook, you will find articles and exercises to guide you and your family farm through the succession process. At the core of succession is communication. Of course, other components are critical to succession as well. This guidebook covers the topics of: 1) Setting Goals for the Business, 2) Communication, 3) Financial Feasibility, 4) Protecting the Business & Mitigating Risk, 5) Management Transfer, and 6) Estate Planning & Ownership (Asset) Transfer. Our workbook is meant to educate, as well as spark conversations that may otherwise be difficult to start.