MSU Extension: What Will Be Your Legacy for the Next Generation?

This is one of a series of articles focusing on estate and legacy planning. The authors are Kaleena Miller, Madison-Jefferson County Extension Agent, kaleena.miller1@montana.edu, and Marsha Goetting, MSU Extension Family Economics Specialist, marsha.goetting@montana.edu.

An important goal for most Montana farm/ranch family enterprises is transferring land and business to the next generation. The process is challenging because it includes a complex web of economic, legal, and family decisions. “For some families, just the idea of getting started seems so overwhelming that they do nothing. Witho...