What is the best way to pass my farming operation onto the next generation?

 

A:

Sorry, this is a trick question. There is no "best" estate plan anymore than there is a best breed of livestock or brand of seed. These decisions all require you to weigh pros and cons, and select the best compromise after looking at all the options. Certainly some options are obvious non-starters, but in the end, we are going to have to do some hard work and closely examine competing options.