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Posts Tagged ‘children’


Estate Planning: The Problems with Joint Tenancy

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Attorney, Dwight Tompkins, discusses how the use of Joint Tenancy creates multiple problems for married couples, widows and widowers. He explains how Joint Tenancy is not a true estate plan, but a way to hold title. Various tax and creditor-related problems occur when Joint Tenancy is used in place of an effective estate plan. Duration [...]

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Small Business Transition: “Passing Along the Business”

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Miles and Joyce own and operate a farm on land that’s been in Joyce’s family since 1878, and are preparing to pass their farming operation along to their grandson Mike. Transitioning their business has required communication and understanding among all family members, and Miles and Joyce have managed to keep everyone in the family involved, [...]

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Employment Policies for Children: Succeeding with Succession

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Family members may have shareholder rights, but should they work in the family business based on relation not merit? Some children feel employment is their right. Some parents will feel the same way. Les Banwart has helped many family businesses deal with the challenges of transitioning to the next generation. Les explains how to create [...]

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Small Business Transition: “Starting the Conversation”

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Now that their children are grown and on their own, farm owners Ron & Jo are looking ahead to the future of their farming business. When the couple felt it was time to start that conversation with their family, as well as with insurance and legal professionals, they engaged their Farm Bureau Financial Services agent [...]

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