Maximize Your Legacy

You’ve accomplished a lot in your life. Now you have another goal – to create a wealth transfer plan that benefits the people and causes that are important to you. This may require more than just a Will. With a professional estate plan, you can direct how and when you want to benefit others. The legacy you leave behind are priceless and make a difference for generations to come.       

Abby Leach

Attorney and Owner of Leach Law PLLC in Albert Lea, MN

Jolene Honkomp

CLU, ChFC, CLTC - NOAH Insurance Group

Things to Consider with a Farm Succession/Transition plan

Where do you start when it comes to planning the future of your farm? You can start right here.

Americana Insurance Group has built a team of experts to help walk you through the planning process of your transition plan.

Some questions to ask yourself are

• Does the next generation want to stay in farming?
• Does the next generation have the experience and skills needed for the challenges of farming for today and in the future?
• What if no one in the next generation wants to farm?
• Does the next generation know what the senior generations wishes are with the farm upon retirement or death?
• Are there any hurdles that could cause conflict in a plan?
• Do you have a written ownership and management agreement?
• Will you as senior generation be willing to relinquish control at some point?
• Can the senior generation afford to retire?
• Have you planned for Long Term care expenses?
• Does senior generation have updated wills?
• Are you prepared for the impact taxes may have when senior generation retires or dies?
• Is there adequate Life Insurance to fund a buyout of others and to pay off taxes, debts, and income for surviving members?
• What if multiple children want to continue farming? How can you make that work?

These are all questions that we as a team can help you set up a plan and process to help make your wishes happen and for you to leave a legacy.

Why We're Different

While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a plan that actually accomplishes what you want to do.

There’s no such thing as a one-size-fits-all plan when it comes to your business.

We’re your neighbors. We protect businesses and people we know and care about, and that means we always look for ways to protect you better, including carefully choosing the insurance companies we represent to be both affordable and responsive.

Contact us and let the professionals at our company help you forge the strongest shield possible to help you protect the things you are working hard to build.