Summer Series Part 2: Ownership Transition and Leadership Structure

July 22, 2021

Event

Join us for a Summer Q & A series provided exclusively for members of Catholic Rural Life. We will offer a different topic in June, July and August – addressing the most common questions business owners and families have about designing an efficient and effective estate and succession plan.

Facilitated by Kevin Spafford, CRL member and one of the ag industry’s foremost experts on the subject of succession planning, this series will address many of your concerns and offer you an opportunity to submit any questions.

Each 30-minute session will be succinct and packed with information. Kevin will provide you with his experiences regarding some of planning’s most pressing issues, followed by time to share or submit your thoughts, concerns, and questions. For those questions that may be beyond the scope of a given session, Kevin is willing to talk with you individually at your request.

JULY 22, 10:00am CDT: Ownership Transition & Leadership Structure 

  • How do I protect my children who are active in the operation while leaving an equal amount in my estate to my children who are not active in the operation?
  • How do I NOT become business partners with my brother’s [or business partner’s] spouse? Or better yet, how do I prevent them from inheriting my brother’s [or business partner’s] interest in the business? 
  • Can I protect the farming operation/business from a divorce in the family, bad credit issues, and frivolous lawsuits? If so, how do I do it? 
  • Should my farm/business be in an LLC, Corporation, S-Corp, or?

Click here to learn more and register.

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