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Table of Contents
- Farm Transfer Planning: A Suggested Definition
- Farm Transfer Planning: How to Begin
- Starting with What You Want
- Managing Risks with Farm Business Transfer: The 5 D’s
- Worksheet 1.1: Quick Risk Assessment: The 5 D’s
- Improving Farm Family Communication
- When Family Business Transition Makes No Sense
- Developing Goals and Meeting Objectives
- Worksheet 1.2: Planning the Family Meeting
- Worksheet 1.3: Rating Family Values
- Worksheet 1.4: Rating Your Comfort Level
- Worksheet 1.5: Sketching Your Lifestyle Plan
- Worksheet 1.6: Estimating Income and Expenses
- Worksheet 1.7: Setting Goals and Objectives
- Worksheet 1.8: Reconciling Priorities
- Worksheet 1.9: Turning Goals and Objectives into Action
- Evaluating Your Farm and Community Resources
- How Do You Own Your Property?
- The Tools of Farm Transfer
- Basic Estate Planning Documents: Wills, Trusts, and Gifting
- About the Federal Estate Tax: A 2011 Update
- Entity Choice for Agricultural, Forestry, or Horticultural Ventures
- What is a Buy-Sell Agreement?
- Developing A Lease for the Farm
- About Conservation Easements
- About Your Team of Professional Advisers
- Gathering Information About Your Estate
Virginia Cooperative Extension materials are available for public use, reprint, or citation without further permission, provided the use includes credit to the author and to Virginia Cooperative Extension, Virginia Tech, and Virginia State University.
Issued in furtherance of Cooperative Extension work, Virginia Polytechnic Institute and State University, Virginia State University, and the U.S. Department of Agriculture cooperating. Edwin J. Jones, Director, Virginia Cooperative Extension, Virginia Tech, Blacksburg; M. Ray McKinnie, Administrator, 1890 Extension Program, Virginia State University, Petersburg.
November 15, 2012