Farm consultation business Water Street Solutions provides farmers with a variety of services designed to assist them with managing operations, protecting assets, and planning for the future. For farmers making arrangements to pass their business to the next generation, Water Street Solutions offers assistance with succession planning through its legacy advisors.

2.  Farm consultation business Water Street
Solutions provides farmers with a variety of
services designed to assist them with managing
operations, protecting assets, and planning for
the future. For farmers making arrangements to
pass their business to the next generation,
Water Street Solutions offers assistance with
succession planning through its legacy
advisors.
While issues with legal documents seldom result
in a failed transfer of farm ownership between
generations, the lack of a well-defined plan
may lead to significant complications.

3.  Over the years, the farming process has undergone
considerable change as advancements in
technology and shifts in the economy incorporate
new, complex factors into farming. In addition to the
traditional skills associated with farming, future
generations of farm leaders will need to obtain
knowledge in multiple areas, including farm financials
and tax implications.
Water Street Solutions’ team of legacy advisors can
help famers and their families navigate the process of
creating a succession plan for the operation by
facilitating family communication and expectations.

4.  Advisors assist clients in addressing subjects
that include the assigning of responsibilities,
development of timelines, and any
complications resulting from the future
generation’s interest or disinterest in owning
or running the farm.
For more information regarding farm
succession planning, visit the company’s
legacy planning webpage at
www.waterstreet.org/what-legacy-
planning.