GROW MEMBERSHIP VIDEO LIBRARY

400 SERIES: Putting It All Together

400 SERIES: PUTTING IT ALL TOGETHER

400 – Coordinating and Implementing Your Strategies

401 - Decision Time

TOPICS COVERED IN VIDEO FOR GROW MEMBERS: 

  • Estate Vehicle Selection: Will / Revocable Trust / Irrevocable Trust / Life Estate
  • Estate Distribution and Valuation Method
  • Family Discussions

402 - Check Lists

TOPICS COVERED IN VIDEO FOR GROW MEMBERS: 

  • How to make sure nothing fall through the cracks
  • Ownership / Legal Doc’s / Meeting Prep

403 - Consistency in Operation: Living / Incapacitated / 1st Death / 2nd Death

TOPICS COVERED IN VIDEO FOR GROW MEMBERS: 

  • Pitfalls of having the write strategy, but the wrong tactic
  • Understand which options need to be the corresponding legal document

404 - Estate Documents / Entities / Ownership - Creating the Right Flow

TOPICS COVERED IN VIDEO FOR GROW MEMBERS: 

  • Asset ownership to match the controlling legal or estate documents
  • Don’t drop the ball – How to avoid surprises when an estate is closed

405 - Preparing for the Attorney Appointment

TOPICS COVERED IN VIDEO FOR GROW MEMBERS: 

  • How to set yourself up for an efficient and effective attorney meeting
  • Core information that the attorney will want to see
  • Decisions to already have in mind before you meet
  • What to expect at your attorney meeting

406 - Financial Products - Tools for Estate and Farm Succession

TOPICS COVERED IN VIDEO FOR GROW MEMBERS: 

  • Insurances: Term / Guaranteed Universal Life / Variable Universal Life / Indexed Universal Life.
  • Pros and Cons of each insurance type, and which ones to avoid.
  • How some “Permanent” life insurance products may not be so… permanent.
  • Advantages of Long Term Riders on life insurance vs. Traditional Long Term Care policies.
  • Annuities: Fixed / Variable / Indexed Annuities – Watch the expenses!!

407 - Coordinating Financial Tools with Estate and Farm Succession Strategies

TOPICS COVERED IN VIDEO FOR GROW MEMBERS: 

  • How to setup the ownership and beneficiary designations to accomplish your planning goals
  • Ownership and beneficiary designations to avoid

410 – Understanding Financial Products

411 - Whole Life Insurance

TOPICS COVERED IN VIDEO FOR GROW MEMBERS: 

  • How Whole Life insurance policies work.
  • Pro’s and Con’s of Whole Life Policies
  • Why Whole Life insurance might not be the optimum fit farm succession strategies.
  • What to consider if you already have a Whole Life policy.

412 - Term Insurance

TOPICS COVERED IN VIDEO FOR GROW MEMBERS:

  • How Term Insurance Works.
  • Common features or rider available with Term policies.
  • Pro’s and Con’s of Term insurance.
  • How/Where Term insurance can fit in a farm succession strategy.

413 - Non-Guaranteed Universal Life Insurance

TOPICS COVERED IN VIDEO FOR GROW MEMBERS:

  • How Non-Guaranteed Universal Life policies work.
  • Why these policies may not perform like you expected.
  • How to check your policy projections.
  • How Non-Guaranteed Universal Life policies may derail a farm succession strategy.

414 - Guaranteed Universal Life Insurance

TOPICS COVERED IN VIDEO FOR GROW MEMBERS:

  • How Guaranteed Universal Life (GUL) policies work.
  • Pro’s and Con’s of GUL policies.
  • How GUL policies can fit into a farm succession strategy.

415 - Long Term Care

TOPICS COVERED IN VIDEO FOR GROW MEMBERS:

  • How Long Term Care policies work.
  • Pro’s and Con’s of LTC policies.
  • Alternatives to the traditional LTC policy.
  • How LTC policies can fit into a farm succession strategy. 

480 – Case Studies

481 - Problems and Solutions

TOPICS COVERED IN VIDEO FOR GROW MEMBERS:

  • Common problems, multiple solutions.

482 - Purchase Option

TOPICS COVERED IN VIDEO FOR GROW MEMBERS:

  • Case sample of a fully funded purchase option strategy.
  • Pro’s and Con’s of a purchase strategy.
  • Alternatives to the traditional LTC policy.
  • Discover when a purchase option strategy might make the most sense. 

483 - Farm Equalization

TOPICS COVERED IN VIDEO FOR GROW MEMBERS:

  • How to pool farm assets together for the farm heir and non-farm assets for the off-farm heir.
  • When an equalization strategy might make sense.
  • Pro’s and Con’s of an equalization strategy.
  • Case sample of an equalization strategy.

484 - Equity Transfer During Lifetime

TOPICS COVERED IN VIDEO FOR GROW MEMBERS:

  • Case sample of gifting farm assets to the farm heir before the parents pass away.
  • Pro’s and Con’s of gifting today vs. through the estate.
  • Considerations for the off-farm heirs.

 GROW
Membership

Coordinate the tools, concepts, and strategies to set up your farm succession plan.

SERIES 400 VIDEOS

This is where the 100, 200, and 300 Series training all comes together. Family relationships, estate documentation, asset ownership, valuation methods, distributions strategies, financial tools; all most be coordinated together if you hope to successfully pass your farm to the next generation. While we may not land on your exact scenario in this series, there will most likely be elements that parallel your current situation. You will also gain insight from those that have already been through the farm succession process or advise those who have been through the process.

More videos will be added regularly!

In this Series you will:

Understand the main differences between financial tools commonly used to fund farm succession goals, and identify which ones to avoid. Get a front-row seat to sample case studies of farm succession cases to see which options might work well in your planning. See the common questions/concerns that have prevented some families from starting their plans, and identify the opportunities to move around them. Gain the perspective of other professionals working in this field to have multiple reference points for considering your farm succession options.

Farm Succession Planning Starts Here

Our Grow Membership has hundreds of videos and other education material to help you be prepared for any farm family event. 

Congratulation on taking the first step towards securing your farms future through succession planning.  We will send you an email with great information shortly.