Advisors help you make better decisions. An advisor might be your brother who runs his own profitable family farm, it might be a lifelong friend or mentor, it might be a trusted person you know from your volunteer work, or it might be a professional consultant, your banker, your lawyer. Advisors come in many forms.
But they have these kinds of qualities:
- Great judgement
- Analytical minds
- Strong communication skills
- Knowledge and experience
- Honest, even when they know you won't like it
- Technical and professional skills
According to succession planning experts, your farm succession planning requires input from certain professionals
- Taxation specialist
- Insurance professional
- Farm management specialist
- Financial planner
- Family or business coach
Keep this list in mind as you line up your family’s advisors. There are worksheets included in your SwiftPlan worksheet to help you evaluate potential advisors.
I am ready to do a quick quality assessment of the advisors I have now.