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Farm Succession Planning Kit
Run the numbers on passing the farm to the next generation before you meet with your attorney.
Succession Plan
Master assumptions sheet — family info, operation overview, asset values at FMV and ag value, liabilities with years left, and net worth. Transfer terms for a seller-financed land sale, machinery sale, acres Gen 1 keeps and rents to Gen 2, acres left to each off-farm heir, and life insurance for off-farm heirs.
20-Year Cash Flow
Gen 2 operating cash flow and Gen 1 retirement income side by side for 20 years, with each year shaded green or red for both generations. Gen 2 net worth with land appreciation and declining loan balances. All figures are pre-tax.
Retirement Readiness
Monthly living budget before and after Medicare age, Social Security at any start age from 62 to 70, a phase-by-phase gap summary, health insurance bridge to Medicare, long-term care exposure, and a nest egg projection showing how long withdrawals last as they rise with inflation.
Heir Equalization
What the farming heir receives next to each off-farm heir, in a gross view and a gift-based view that counts land and machinery discounts and below-market financing. Shows the additional insurance or assets needed to match, if the family chooses to.
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