Succession Planning Action Guide 

Check off each action step as you move through the succession planning process.

Check off each action step as you move through the succession planning process.

_____ Decide to secure your legacy.
 
_____ Schedule a family meeting
 
_____ Distribute "Conversation Starters" (see page 13)
 
_____ Define succession planning objectives
 
_____ Identify a facilitator
 
_____ Schedule a consultation
 
_____ Refine goals
 
_____ Seek commitment from family members
 
_____ Conduct research and define corrective actions
 
_____ Business planning
 
_____ Operating agreement
 
_____ Employment policies
 
_____ Other legal agreements
 
_____ Leadership development
 
_____ Ownership transition
 
_____ Financial security
 
_____ Estate planning
 
_____ Dispute resolution
 
_____ Agree on an ongoing communication strategy to inform family
 
_____ Bring in additional assistance as necessary
 
_____ Review annually

 

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Special Reports

Read three special Farm Journal issues that are dedicated to all things succession planning.

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