What complexities surround inheriting a family farm, and how do family dynamics influence estate planning? 

Josh Ackerman hosts Justin Schuhmacher, an attorney at Indiana Estate & Elder Law, for a lively conversation about passing down the farm, a topic rich with parallels to other family businesses. The two explore real-life stories, learning how involving the next generation early can propel businesses forward, why transparency with heirs is crucial, and how strategic planning can prevent future disputes.

Key takeaways include:

• Why involving heirs early in decision-making is a smart move (15:33)
• The pitfalls of treating heirs equally vs. fairly in estate planning (22:32)
• Justin’s insights into avoiding family conflicts over inheritances (29:10)
• How trust planning can safeguard family assets and relationships (25:58)

Connect with Josh Ackerman: 

• Context Financial
• josh@contextfinancial.com
• LinkedIn: Josh Ackerman
• Facebook: Context Financial, LLC
• Instagram: Context Financial
• YouTube: Context Financial

Connect Justin Schuhmacher:

• Indiana Estate Elder Law
• Linkedin Justin Schuhmacher

About Justin Schuhmacher: 

Justin Schuhmacher is a dedicated estate and elder law attorney in Indiana, committed to helping families safeguard their assets and plan for the future. Understanding that unforeseen events can disrupt even the best-laid plans, Justin works closely with clients to protect their wealth from risks such as lawsuits, long-term care costs, and financial missteps.