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Will & Estate Planning

Two reasons why Canadians avoid will and estate planning

https://www.fcc-fac.ca/en/knowledge/two-reasons-why-canadians-avoid-will-and-estate-planning.html

Dr. Tom Deans, Intergenerational wealth transfer expert, shares common myths about will and estate planning and how to overcome them.

Using legal agreements

https://www.fcc-fac.ca/en/knowledge/using-legal-agreements.html

Legal agreements are important, but rarely used on the farm. In this episode, we explore why you need them, which ones to consider and why a handshake is not enough.

Three strategies to minimize litigation risk

https://www.fcc-fac.ca/en/knowledge/three-strategies-to-minimize-litigation-risk.html

Litigation can ruin a farm business, and, with incidents on the rise, agricultural lawyers say there are ways farmers can better protect themselves from legal action.

How to plan for worst-case scenarios on the farm

https://www.fcc-fac.ca/en/knowledge/how-to-plan-for-worst-case-scenarios-on-the-farm.html

A farm insurance executive and two farm management consultants share their best advice on how to protect your operation in the event of disaster.

Dad’s confidence helps Solonenko brothers carry on after tragedy

https://www.fcc-fac.ca/en/knowledge/dads-confidence-helps-solonenko-brothers-carry-on-after-tragedy.html

Dennis Solonenko was determined to empower his sons and have them ready to run their farming operation.

Farm transition plans get complicated in a blended family

https://www.fcc-fac.ca/en/knowledge/transition-plans-get-complicated-in-a-blended-family.html

Problems can arise when farmers re-marry, but there are steps that can help protect the farm business.

Make death and divorce part of your transition conversation

https://www.fcc-fac.ca/en/knowledge/make-death-and-divorce-part-of-your-transition-conversation.html

As uncomfortable as we are talking about death and divorce, avoiding the conversations can have a devastating financial effect on a farm business.

Dying without a will has big ramifications

https://www.fcc-fac.ca/en/knowledge/dying-without-a-will-has-big-ramifications.html

Not having an updated will in place can cause major complications for your loved ones and even jeopardize the future of your farm.

Management moment: Will and estate planning

https://www.fcc-fac.ca/en/knowledge/management-moment-will-and-estate-planning.html

What are your plans for your farm after you're gone? Whatever the plan, you need a will and an estate plan to achieve it. The sooner you start, the easier the process can

When a farm transition doesn't go to plan

https://www.fcc-fac.ca/en/knowledge/when-a-farm-transition-doesnt-go-to-plan.html

The following fictional case study, created by BDO Canada, illustrates how the absence of a farm transition plan can throw a family into turmoil when the unexpected happens.