Design Your Succession Plan

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Design Your Succession Plan is a multi session workshop design around these five topics.


Module 1: Starting Your Succession Plan

This module defines succession planning and highlights the importance of developing a plan and starting early. It includes tools for getting started and defines the language of succession planning.

Module 2: Determining What You Want

Participants are encouraged to identify what is important to them and what they want to accomplish with their succession plan. They also are encouraged to determine what is realistic or possible. Will they be passing along assets or a business?

Module 3: The Next Generation and Your Legacy

Participants look to the next generation who will follow them on the farm or ranch. Will the successors take over a business? Will they be leasing the land? Will they be buying the land? This module helps participants learn how to identify, select and mentor a successor who will acquire the skills needed to continue the farm/ranch business successfully.

Module 4: Family Meetings and Conversations

Good communication is key to a successful succession plan. Participants explore guidelines for planning and holding family meetings. They also will learn how to gather information to ensure they make the best decisions and how to discuss even the toughest issues in succession planning.

Module 5: Choosing and Working With Professionals

Participants explore how to identify, choose and work with needed professionals to develop and implement a farm/ranch succession plan.

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