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Why is it difficult to talk to older parents about farm transfer?

April 26, 2017difficult farm Older Parents talk transfer

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Why is it difficult to talk to older parents about farm transfer?

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10 Posted

The younger person doesn’t like to bring up the subject of aging. The older parent might be afraid of losing authority if they give up title to the farm or start to discuss farm transfer. Sometimes the issue is deciding who will be the successor. Another issue might be including off-farm brothers and sisters in the farm transfer. Many advisors recommend that a fair division of assets is not the same thing as an equal division of assets.