In the second video of a farm succession series with Adirondack Land Trust, attorney Megan Harris-Pero answers a frequent question she hears from farmers, “What should I know before visiting an attorney?”

To put together the best plan possible, Harris-Pero says a farmer should figure out their goals before starting farm succession. Questions to consider may include:

• What do I want to do with my land and assets?

• Who should be my successor?

• What income will I need for retirement?

• Will I need to sell any land or assets to help pay for nursing home care?

Because attorneys use a variety of tools, including trusts and limited liability corporation (LLC) designations, to protect both farmer and land, Harris-Pero says every plan is unique. Feeling comfortable with an attorney is also critical, as Harris-Pero says a senior farmer and family members will likely work with that person for years as the succession plan is executed, and when changes or issues emerge.

Be sure to check out additional resources for farmers at the end of the video.