Nova Scotia Farm Succession Planning
  • Step 1: Succession Planning 101 Resources and Success Stories Succession Planning Workbook
  • Step 2: Looking to the Future Open the Conversation Collect Your Financial Information Making the Transition Plan Happen Financially Your Business Partner(s) Getting Ready to Talk to Your Business Partner Helping Your Business Partner Commit Involving Your Family Making Necessary Changes to Your Retirement and Investment Plans Getting the Help You Need: Recruiting the Right Advisors Other Advisors You'll Need Motivate Me
  • Step 3: Identifying Successor(s) Identifying Potential Successors Making the Final Choice of Successors When There Are No Successors What about Non-Successor Children? Communicate Your Intentions Motivate Me
  • Step 4: Preparing The Next Generation of Owners Establishing Goals and Objectives for the Farm What Happens at the Meeting? When You Can't Agree Share with Family and Advisors Putting Goals and Objectives into Action Assessing Capabilities The Successor's Development Plan
  • Step 5: Generating Options Identify Ownership Transfer Options Some Cautions about Family Transfers More Pros and Cons of Ownership Transfer Options Identify Financing Options Pros/Cons of Financing Options What to Consider When Weighing Financing Options Consider Living Arrangements Identify Business Structure Options Common Business Structures What to Consider When You Are Choosing Your Best Business Structure Insurance Needs Consider Off-Farm Financial Investments Wills and Estate Planning Wills Power of Attorney Personal Care Directive Estate Planning and Succession Issues to Consider before You Write a Will It's Time to Make Some Choices Owners: Making Your Individual Choices Successors: Making Your Individual Choices Make Your Joint Decisions Check for Conflict among Decisions A Blended Timeline Motivate Me
  • Step 6: Transition Transitioning Roles and Responsibilities over Time Establish the Task List Ownership-Related Tasks Your Labour-Management-Owner table Share Your Work with Your Advisors Share with Your Family Members Conflict Check Dispute Resolution Share Your Final Table and Resolution Methods with Advisors Motivate Me
  • Step 7: Implement and Monitor Implement Your Labour-Management-Ownership Table Share Your Plan Widely Establish A Communication Plan Decide How You're Going to Communicate Now What? How Will You Monitor Progress? Congratulations! You Did It! Motivate Me
  • Contact Us

Nova Scotia Farm Succession Planning

  • Step 1/
    • Step 1: Succession Planning 101
    • Resources and Success Stories
    • Succession Planning Workbook
  • Step 2/
    • Step 2: Looking to the Future
    • Open the Conversation
    • Collect Your Financial Information
    • Making the Transition Plan Happen Financially
    • Your Business Partner(s)
    • Getting Ready to Talk to Your Business Partner
    • Helping Your Business Partner Commit
    • Involving Your Family
    • Making Necessary Changes to Your Retirement and Investment Plans
    • Getting the Help You Need: Recruiting the Right Advisors
    • Other Advisors You'll Need
    • Motivate Me
  • Step 3/
    • Step 3: Identifying Successor(s)
    • Identifying Potential Successors
    • Making the Final Choice of Successors
    • When There Are No Successors
    • What about Non-Successor Children?
    • Communicate Your Intentions
    • Motivate Me
  • Step 4/
    • Step 4: Preparing The Next Generation of Owners
    • Establishing Goals and Objectives for the Farm
    • What Happens at the Meeting?
    • When You Can't Agree
    • Share with Family and Advisors
    • Putting Goals and Objectives into Action
    • Assessing Capabilities
    • The Successor's Development Plan
  • Step 5/
    • Step 5: Generating Options
    • Identify Ownership Transfer Options
    • Some Cautions about Family Transfers
    • More Pros and Cons of Ownership Transfer Options
    • Identify Financing Options
    • Pros/Cons of Financing Options
    • What to Consider When Weighing Financing Options
    • Consider Living Arrangements
    • Identify Business Structure Options
    • Common Business Structures
    • What to Consider When You Are Choosing Your Best Business Structure
    • Insurance Needs
    • Consider Off-Farm Financial Investments
    • Wills and Estate Planning
    • Wills
    • Power of Attorney
    • Personal Care Directive
    • Estate Planning and Succession
    • Issues to Consider before You Write a Will
    • It's Time to Make Some Choices
    • Owners: Making Your Individual Choices
    • Successors: Making Your Individual Choices
    • Make Your Joint Decisions
    • Check for Conflict among Decisions
    • A Blended Timeline
    • Motivate Me
  • Step 6/
    • Step 6: Transition
    • Transitioning Roles and Responsibilities over Time
    • Establish the Task List
    • Ownership-Related Tasks
    • Your Labour-Management-Owner table
    • Share Your Work with Your Advisors
    • Share with Your Family Members
    • Conflict Check
    • Dispute Resolution
    • Share Your Final Table and Resolution Methods with Advisors
    • Motivate Me
  • Step 7/
    • Step 7: Implement and Monitor
    • Implement Your Labour-Management-Ownership Table
    • Share Your Plan Widely
    • Establish A Communication Plan
    • Decide How You're Going to Communicate
    • Now What?
    • How Will You Monitor Progress?
    • Congratulations! You Did It!
    • Motivate Me
  • Contact Us/
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Nova Scotia Farm Succession Planning

Contact Us

We look forward to hearing from you!

Nova Scotia Farm Succession Planning

  • Step 1/
    • Step 1: Succession Planning 101
    • Resources and Success Stories
    • Succession Planning Workbook
  • Step 2/
    • Step 2: Looking to the Future
    • Open the Conversation
    • Collect Your Financial Information
    • Making the Transition Plan Happen Financially
    • Your Business Partner(s)
    • Getting Ready to Talk to Your Business Partner
    • Helping Your Business Partner Commit
    • Involving Your Family
    • Making Necessary Changes to Your Retirement and Investment Plans
    • Getting the Help You Need: Recruiting the Right Advisors
    • Other Advisors You'll Need
    • Motivate Me
  • Step 3/
    • Step 3: Identifying Successor(s)
    • Identifying Potential Successors
    • Making the Final Choice of Successors
    • When There Are No Successors
    • What about Non-Successor Children?
    • Communicate Your Intentions
    • Motivate Me
  • Step 4/
    • Step 4: Preparing The Next Generation of Owners
    • Establishing Goals and Objectives for the Farm
    • What Happens at the Meeting?
    • When You Can't Agree
    • Share with Family and Advisors
    • Putting Goals and Objectives into Action
    • Assessing Capabilities
    • The Successor's Development Plan
  • Step 5/
    • Step 5: Generating Options
    • Identify Ownership Transfer Options
    • Some Cautions about Family Transfers
    • More Pros and Cons of Ownership Transfer Options
    • Identify Financing Options
    • Pros/Cons of Financing Options
    • What to Consider When Weighing Financing Options
    • Consider Living Arrangements
    • Identify Business Structure Options
    • Common Business Structures
    • What to Consider When You Are Choosing Your Best Business Structure
    • Insurance Needs
    • Consider Off-Farm Financial Investments
    • Wills and Estate Planning
    • Wills
    • Power of Attorney
    • Personal Care Directive
    • Estate Planning and Succession
    • Issues to Consider before You Write a Will
    • It's Time to Make Some Choices
    • Owners: Making Your Individual Choices
    • Successors: Making Your Individual Choices
    • Make Your Joint Decisions
    • Check for Conflict among Decisions
    • A Blended Timeline
    • Motivate Me
  • Step 6/
    • Step 6: Transition
    • Transitioning Roles and Responsibilities over Time
    • Establish the Task List
    • Ownership-Related Tasks
    • Your Labour-Management-Owner table
    • Share Your Work with Your Advisors
    • Share with Your Family Members
    • Conflict Check
    • Dispute Resolution
    • Share Your Final Table and Resolution Methods with Advisors
    • Motivate Me
  • Step 7/
    • Step 7: Implement and Monitor
    • Implement Your Labour-Management-Ownership Table
    • Share Your Plan Widely
    • Establish A Communication Plan
    • Decide How You're Going to Communicate
    • Now What?
    • How Will You Monitor Progress?
    • Congratulations! You Did It!
    • Motivate Me
  • Contact Us/
Name *
Thank you!
  • Step 1/
    • Step 1: Succession Planning 101
    • Resources and Success Stories
    • Succession Planning Workbook
  • Step 2/
    • Step 2: Looking to the Future
    • Open the Conversation
    • Collect Your Financial Information
    • Making the Transition Plan Happen Financially
    • Your Business Partner(s)
    • Getting Ready to Talk to Your Business Partner
    • Helping Your Business Partner Commit
    • Involving Your Family
    • Making Necessary Changes to Your Retirement and Investment Plans
    • Getting the Help You Need: Recruiting the Right Advisors
    • Other Advisors You'll Need
    • Motivate Me
  • Step 3/
    • Step 3: Identifying Successor(s)
    • Identifying Potential Successors
    • Making the Final Choice of Successors
    • When There Are No Successors
    • What about Non-Successor Children?
    • Communicate Your Intentions
    • Motivate Me
  • Step 4/
    • Step 4: Preparing The Next Generation of Owners
    • Establishing Goals and Objectives for the Farm
    • What Happens at the Meeting?
    • When You Can't Agree
    • Share with Family and Advisors
    • Putting Goals and Objectives into Action
    • Assessing Capabilities
    • The Successor's Development Plan
  • Step 5/
    • Step 5: Generating Options
    • Identify Ownership Transfer Options
    • Some Cautions about Family Transfers
    • More Pros and Cons of Ownership Transfer Options
    • Identify Financing Options
    • Pros/Cons of Financing Options
    • What to Consider When Weighing Financing Options
    • Consider Living Arrangements
    • Identify Business Structure Options
    • Common Business Structures
    • What to Consider When You Are Choosing Your Best Business Structure
    • Insurance Needs
    • Consider Off-Farm Financial Investments
    • Wills and Estate Planning
    • Wills
    • Power of Attorney
    • Personal Care Directive
    • Estate Planning and Succession
    • Issues to Consider before You Write a Will
    • It's Time to Make Some Choices
    • Owners: Making Your Individual Choices
    • Successors: Making Your Individual Choices
    • Make Your Joint Decisions
    • Check for Conflict among Decisions
    • A Blended Timeline
    • Motivate Me
  • Step 6/
    • Step 6: Transition
    • Transitioning Roles and Responsibilities over Time
    • Establish the Task List
    • Ownership-Related Tasks
    • Your Labour-Management-Owner table
    • Share Your Work with Your Advisors
    • Share with Your Family Members
    • Conflict Check
    • Dispute Resolution
    • Share Your Final Table and Resolution Methods with Advisors
    • Motivate Me
  • Step 7/
    • Step 7: Implement and Monitor
    • Implement Your Labour-Management-Ownership Table
    • Share Your Plan Widely
    • Establish A Communication Plan
    • Decide How You're Going to Communicate
    • Now What?
    • How Will You Monitor Progress?
    • Congratulations! You Did It!
    • Motivate Me
  • Contact Us/

Nova Scotia Farm Succession Planning

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Succession Planning Workbook

Download the Workbook to Keep Track of your Progress

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Resources and Success Stories

Learn how other families have mastered farm succession and what resources are available to you.

Contact Us:

Nova Scotia Federation of Agriculture

902-893-2293
farmandworkforce@nsfa-fane.ca
nsfwd.ca

7 Atlantic Central Drive
East Mountain, NS
B6L2Z2