Ties to the Land – Succession Planning
Few challenges that family forestland owners, farmers, ranchers, and other land-based family businesses face are more important than the issue of passing the business and its land base on to the following generations. Many small landowners want to preserve their family lands but don’t know how to involve family members in ownership and operation of their small land-based businesses.
Throughout 2018, WSU Extension and partners will explore Succession Planning in a facilitated workshop. Succession Planning — the human side of Estate Planning — focuses on ways to maintain family ties to the land from generation to generation, building awareness of key challenges facing family businesses and motivating families to address those challenges. This workshop is a mix of presentations and practical exercises to help families develop techniques needed to address tough issues. Topics covered will also be relevant to professionals working with landowner families.