Farm Succession

For farmers in Southeastern Minnesota, the family farm is more than just the land and business - it is a way of life. Planning for the next generation is often a top priority for farmers. There are a number of strategies farmers can use to pass the farm down to the next generation including family limited partnerships and other limited liability entities, trusts, and lifetime gifting. Our attorneys are experienced in farm entities, trusts, and other methods for creating the right succession plan for you. We also work with retiring farms without successors to create a plan to allow them to exit farming with dignity while minimizing the tax impact.