GROW MEMBERSHIP
Key Terms and Definitions
Learn the key terms that advisors use when structuring an estate and farm succession strategy.
ESTATE TERMS
Financial Power of Attorney
Healthcare Power of Attorney
Individual Ownership
Irrevocable Trust
Joint Tenancy
Traditional Will
Revocable Trust
Stepped Up Basis
Tenants In Common
Trustee
More Coming!
FARM SUCCESSION TERMS
Buy / Sell Agreement
First Option to Buy
First Right of Refusal
More Coming!
FINANCIAL TERMS
Applicable Federal Rate (AFR)
Guaranteed Universal Life
Term Insurance
More Coming!
Ready for 24/7 access to all GROW Membership benefits?
Sign up below for Early Bird Pricing!
Get immediate access to current GPS videos,
PLUS all new videos as they are released. Click below!
GROW
Membership
Coordinate the tools, concepts, and strategies to set up your farm succession plan.
