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Farmer & Son

Retirement and Estate Planning > Who Will Get Grandpa's Farm > Farmer & Son

Farmer & Son

Examine Strategies:
Direct Control | Indirect Control | No Control | Quiz

John, 52, the farm operator wants his son, Mark, 22, to join him in the operation of the farm. He and his wife, Sally, have spent 30 years on the farm and want to ease up a little.

Attitude: He wants this to be a good experience for his son.

Preparation: He should remember how he felt when he was young. He should think about his son's concern for "having a good life as he and his bride start their life together."

Timing: Choose a time when father and son can be alone together without working.

Behavior: John should be prepared to listen to his son's concerns and ideas.