Succession Planning: It's Time to Make a Plan - 11/16/16 & 11/17/16
This two-day workshop proved to be everything that was hoped for, giving ranch families the tools and confidence to plan for succession of their ranches and business. As one participant said “Very valuable and I will put a plan together based on the information provided.” Another said, “This workshop could be offered again and I would take it again and recommend it to all my family members and neighbors.”
For those that participated and those that did not, the presentations and other resources shared during the workshop are provided below for future use. For more information on this workshop and related resources, contact David Lewis at djllewis@ucanr.edu or (415) 473-4204.
Presentations
- Taking Inventory & Identifying Crucial Conversations; Succession vs. Estate Planning
Dick Wittman, Wittman Consulting and Wittman Farms, Idaho - Managing Personality Styles and Family Meetings, Enhancing Succession Planning Communications
Cori Wittman, Wittman Consulting, Idaho - Estate tax Principles and Structuring Options For Successful Family Business Traditions
Paul Neiffer, CliftonLarsonAllen LLP, Washington - Legal Issues and Strategies for Successful Family Business Transitions
Shannon Ferrell, Oklahoma State University, Oklahoma - Succession Planning Challenges
Dick Wittman, Wittman Consulting and Wittman Farms, Idaho
Resources
Books
- Perpetuating the Family Business: 50 Lessons Learned From Long Lasting Successful Families in Business by John Ward. Basinstoke: Palgrave Macmillan.
- Good to Great: Why Some Companies Make the Leap and Others Don’t by Jim Collins. HarperCollins.
- Crucial Conversations by Grenny and Patterson. McGraw-Hill Education.
- Getting to Yes: Negotiating Agreement Without Giving In by Fisher and Ury. Penguin Books.
- The Enduring Legacy: Essential Family Business Values by Lance Woodbury. Life Stories, Inc.
- I’m Stuck, You’re Stuck by Tom Ritchey. Inscape Publishing.
- Farm Business & Estate Planning by Neil Harl
- Family Business Magazine
Personality Inventory Tools
Other resources
- Succession Planning Professionals in the Bay Area
- Farm CPA blog on TopProducer by Paul Neiffer
- Model compensation worksheet prepared by Dick Wittman and Wittman Consulting
- Australian succession planning services including online learning