Succession Planning
| succession planning
Securing Your Legacy on the Land, Part 5: Best Practices of Non-Resident Landowners
How is succession planning different for non-resident or "absentee" landowners? With this ownership type becoming more and more common in the West, how can these landowners best steward their investment to the next generation?
| succession planning
Securing Your Legacy on the Land, Part 4: Considerations when transferring your property
How does one begin the task of planning for the transfer of a family business, real estate and farm or ranch?
Securing Your Legacy on the Land, Part 3: Alternate Ownership Structures
What factors should you consider when selecting an ownership structure for your ranch? What questions should you be sure to answer before deciding? What are differences between an LLC, a C Corporation, and an S Corporation? What are the benefits to partnership, cooperative or shared ownership structures, and what are the drawbacks? Why or when would someone choose a less common ownership structure?
Securing Your Legacy on the Land, Part 2: Family Governance
What defines "family governance" and what key factors drive the type of governance structure a family puts into place? How does one effectively integrate family members into its governing structure? What are some governance issues one encounters when creating and administering trusts?
Securing Your Legacy on the Land, Part 1
When should a succession plan be put in place? Who should be involved? What are the basic components of a farm or ranch business succession plan? Who can help put it in place?
Featured Publication
Stewardship with Vision: Caring for New Mexico’s Streams.
Private stewardship of Western land and water plays a vital role in the health of the West. This must-read guide highlights the importance of New Mexico landowners to our economic and environmental future. Our food, water resources, forests, rangelands, and fish and wildlife populations depend on their stewardship. Public policies that support and encourage the voluntary stewardship of our shared resources benefit us all.
