Planning the Continuity of a Family Livestock Operation
Opportunity: We represent a family involved in livestock operations in four states. The complexity of the business – which includes feedlot, ranching and auction operations – makes proper business succession planning essential.
Solution: We met with the family to determine that their desire was to continue family ownership rather than execute a sale or liquidation in the event of the owner’s death. We created a comprehensive strategy that combined tax management, succession planning and estate planning goals.
Result: Our plan for the business ensures continuity of operations, appropriate succession strategies and estate tax minimization.