This presentation will discuss the options and implications of various business structures used in farm succession planning. Trusts are a commonly used method to transfer farm assets to successors and heirs. Business entities, such as LLCs, are also among the alternatives that may suit your succession planning goals. Practical experience will be shared.

9:00am - 11:00am - Succession Planning 201: Trusts, Business Structures, And Other Transfer Methods

Corey Clark - Michigan State University Extension

Chris Bardenhagen - Michigan State University Extension

Bruce Klamer - V & W Farms

Oliver Scott - V & W Farms