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Since 1918, our full-service law firm has been getting results for our clients. We can do the same for you.

Keep Your Indiana Family Farm Strong For The Next Generation

We’re Allen Wellman Harvey Keyes Cooley, LLP, and we serve individuals, families and businesses across Indiana. Our goal is to help you protect your land, your work and your legacy. Founded in 1918, our firm has served clients statewide for more than 100 years. From Greenfield to every corner of the Indianapolis metro and beyond, we stand with you.

What Is Succession Planning?

Succession planning sets out who operates and owns the farm next. It covers land, equipment, crops and business roles. It also sets timelines and training.

So, when should you start? As soon as you can. Then you can act before health, markets or taxes change. Early plans ease stress and reduce the risk of family conflict and other uncertainties.

Why Succession Planning Matters For Farmers And Family Farms

Your farm is more than acres. It is your family’s future. A clear plan keeps operations moving when life changes. It helps avoid rushed sales or costly fights. It can also lower taxes and protect key assets.

Plus, family farm succession planning gives everyone a voice. It honors tradition and sets fair expectations.

Succession Planning Options And Challenges For Farmers To Consider

There are many tools to help you plan ahead. The right choice depends on your goals, assets and family structure. Here are some common options farmers use:

Wills or trusts to pass land and assets
LLCs or partnerships to manage ownership
Buy-sell agreements between heirs
Gradual gifting of shares or property
Assigning management roles before retirement

These strategies help you stay in control while preparing the next generation. However, challenges can still arise. Some heirs might want to farm, and others do not. Land may be shared with siblings or parents. Debts, liens or leases can complicate transfers. Taxes and long-term care costs may strain finances.

So, a farm succession planning attorney helps you weigh your choices and put decisions in writing. This is vital for farms, regardless of whether you are a first-generation farmer or your family farm has been around for multiple generations.

Why Choose Us?

Founded in 1918, our firm has served the community for more than 100 years. As a full-service practice, we focus on everything from estate planning and probate to business law and personal injury matters.

Also, our roots run deep in Greenfield, an Indianapolis suburb. We proudly serve the full metro and beyond. We know the land, the seasons and the stakes.

Talk To An Indiana Farm Succession Planning Lawyer Today

Ready to start? Call 317-468-2355 or send an email to arrange a consultation. We meet you where you are. We work with clients throughout Indiana. Together, we will build a clear, practical plan for your farm’s future.