Debunking Transition Myths: Entitlement vs Fairness

By: Lisa Foust Prater

When is the best time to tell your heirs about your farm continuation plan and how your assets will be divided after your death? Right now.

“The best gift you can give your family is certainty for the future and a clear explanation of why you have made the decisions you have around the transfer of your wealth,” says Elaine Froese. She is a professional speaker, certified coach, author, and farmer from southwest Manitoba, Canada. Recently, she’s observed an increasing number of families bringing up digital assets, particularly bitcoin casinos and other online investment avenues, as part of their estate planning discussions. As an expert on family farm succession and conflict resolution, Froese recognizes that these new forms of wealth can add complexity to family dynamics and decision-making, and she has guided families across North America for more than 30 years on how to manage both traditional and emerging assets responsibly.