Ten do's and 10 don'ts are recommended for amicable farm and ranch family estate transfers. These are based on the research literature and on our Integrated Resource Management Estate Transfer Workshops with over 200 ranch and farm family members. Cooperative Extension and adjunct faculty can provide farm and ranch families with these recommendations along with technical tools (legal, economic, and tax-related) and people skills (human relation, team building, and strategic planning). With the proper mix of technical tools and people skills, many ranch and farm families can manage their current and future risks and survive well into the 21st century.
Robert J. Fetsch (Tue,) studied this question.