Legacy by Design LLC.
Cultivating Multigenerational Success in the Agricultural Community
Call Us Toll Free: (877) 523-7411
Blog
How to Use a Redemption Agreement to Transfer Ownership
From Legacy Moment eNewsletter (07/23/2010) Please join us for future issues, delivered via email each Friday. Here’s an example of how an owner can transfer full ownership of the farm to an active child by using a redemption provision included in a buy-sell agreement: ...
Using Life Insurance to Create an Asset for Inactive Children
From Legacy Moment eNewsletter (July 16, 2010). Please join us for future issues, delivered via email each Friday. Jake owns a successful agribusiness. His son Chad has been involved in the operation since college. The operation is worth $4 million, and it represents significantly all of Jake’s assets. His other son, Clayton, is not involved in the operation. Watch Leave a Legacy TV ...
Cactus Feeders: Extraordinary Profile on Legacy TV
Coming up on the July 15th episode of Leave a Legacy: Our country prides itself on an abundance of extraordinary agricultural leaders. And yet it would be hard to top the achievements and impact of one man. His engaging smile and polite Texas manner are a great decoy for a business mind honed over a lifetime of experiences. Please join us, as we spend a ...
A Simple Transfer of Nonbusiness Assets to Inactive Children
From Legacy Moment eNews (July 09, 2010) Please join us for future issues, delivered via email each Friday. Jane, a single mother and agribusiness owner, owns 50% of Garden Products Co., a general partnership. Her son Sam owns the other 50% and is active in the business. Jane’s daughter, Eleanor, is a stay-at-home mom with three children of her own. Watch Leave a Legacy TV ...
Common Issues Regarding the Equal Versus Fair Conundrum
From Legacy Moment eNews (July 02, 2010) Please join us for future issues, delivered via email each Friday Though each family’s succession situation is unique, there are a number of factors most owners should consider as they weigh the equal versus fair question: Watch Leave a Legacy TV Does the owner want the active children ...