Succession & Estate Planning

The long-term future of Michigan farms and agribusinesses is dependent upon successful business transitions to the next generations. The goal is to keep the assets and resources of the business in agricultural on a sustainable basis. The FIRM team conducts programs that help families of these businesses utilize various tools to address intergenerational business transfers and avoid potential pitfalls including excessive estate taxes and inadequate funds for purchasing sibling shares of the estate. It has been proven that families who have a plan which utilized these tools have a higher success rate and better family harmony when transferring the business to the next generation.

MSU Extension has Farm Management Educators that specialize in Farm Succession and Estate Planning. Please feel free to contact your local Michgian State University Extension office to contact your nearest Farm Management Educator.  

Disclaimer - Laws and rules are constantly changing. Although we try to keep postings up to date, you need to keep in mind that information may be out dated.  Check the source of information for possible updates. Many of the links to the original source are listed below.

Workshop Presentations & Hand-outs

Beginning Estate Planning Publications

Estate Planning Publications

Farm Business Transfer and Succession Topics

Other Estate Planning Publications

Other Recommended Related Links

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