Common Questions, Mistakes Made In Succession Planning

With nearly one in three farms changing hands over the next decade, having an estate plan is critical to the continued success of each family farm.  Johnathan Meyer, trust officer and general counsel with BTC Bank, says one of the biggest mistakes farmers make when preparing their plan is not getting it on paper.

Meyer lists some common questions that farmers have when drafting their succession plan.

Johnathan Meyer of BTC Bank encourages farmers to find a trust officer or an estate lawyer with experience in drafting succession plans.