Business Succession Planning
You can protect your life’s work and achieve peaceful retirement with the right planning and legal framework.
For farmers, ranchers, and small business owners, planning for retirement means more than padding your IRA. Whether your business has been in the family for generations or you personally built it from the ground up, retirement planning can prove complicated. Family expectations, land assets and equipment debt don’t disappear with retirement. Fortunately, the estate experts at BTC Bank are here to help you navigate the logistics of business succession planning with expert knowledge and local compassion.
Retirement presents many options for farmers and ranchers in Missouri and Iowa. You may be ready to pass the reins to the next generation or your family may be split between continuing the family business and liquifying the assets. Perhaps you plan to divide or sell your operation. At BTC Bank, we’ve seen it all. We’ll help set up the proper framework to support your unique retirement situation. Visit our guide to Missouri Farm & Ranch Succession Planning for more details on family business succession planning.
BTC Bank’s Business Succession Planning Services
No one wants their retirement overshadowed by the burden of negotiating disputes between children or family members. BTC trust management offers a succession planning strategy that allows you to relax knowing all the details have been settled in advance. Small business succession planning is a detailed process with lots of accompanying paperwork. Start planning now and let the specialists at BTC Bank take care of your future.
Benefits of farm succession planning include:
- Economic security
- Family harmony
- Creating a business legacy
Let Us Handle The Details!
Get started creating your business succession plan with the help of our Trust Department today! BTC’s continued tradition of serving our friends and neighbors with courteous, professional banking services maintains its standard of excellence today. For more information about our succession planning services or to schedule an appointment, contact one of our local Trust Specialists toll-free at 1-877-BTC-BANK. You can also visit one of our 12 Missouri locations in Bethany, Gallatin, Albany, Pattonsburg, Chillicothe, Carrollton, Boonville, Beaman, Trenton, Maysville, and Osborne, or our Lamoni, IA branch.