| PROJECT SUMMARY |
Farm Succession Planning with Personal Coaching for Participating Families
Washington and Oregon Extension faculty conducted a farm succession planning project based on needs assessment of farm families. From November 2006 through January 2008 we held 3 workshops at each of 6 locations. Participation greatly exceeded expectations - we reached 282 farm families!
Workshop topics included;
• developing farm succession plans,
• communicating successfully with family members,
• identifying appropriate professional input,
• reviewing estate laws,
• writing wills,
• conducting successful family meetings,
• overcoming difficulties,
• optimizing attorney time,
• specifying inheritance of treasured personal items,
• protecting the business in the event of sudden death,
• getting motivated!
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We recognized that farm succession planning is challenging. The 85 families who committed to developing a succession plan received free coaching from WSU-trained coaches who had experience in business and/or banking. The coaches contacted the client families regularly with encouragement. If requested, they met in person to assist families with goal-setting or to facilitate meetings.
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| NUMBER OF PARTICIPANTS: 378 |
| TOPICS COVERED |
| Plans and tools to address succession, estate planning, health, and well being |
| Interpersonal, family and business relationships |
