Why Do We Not Have an Estate Plan?

farm setting at sundown

Why Do We Not Have an Estate Plan?

While there seem to be no exact statistics, it is anecdotally known — from talking to financial planners, attorneys and other professionals — that about half of our farmers and ranchers have an estate plan completed. Most professionals will indicate, “it is a short half!”

This begs the question: why do we put off estate planning? There seems to be some underlying emotion and thought to this. For quite a few farmers and ranchers, the thought of retiring is likely not something that they want to consider. So, if I’m not retiring, why would I complete an estate plan?

Read the full article on agecon.unl.edu