Do You Need A Succession Roadmap?

October 1, 2019

Do You Need A Succession Roadmap?

Over the years, we’ve learned that every family and every business is unique. That’s why we never take a standardized approach to important matters like succession planning. We work with you and your family to understand your business, your goals, and your future plans and hopes. By listening, involving all parties in meaningful discussion, and taking a practical approach, we develop a plan that is customized specifically for the needs of you and your family.

An important part of this planning is a Succession Roadmap, a written document that helps guide the process and provides a way for you and your family to review important considerations. This living document can be revised, but it’s an important first step in bringing all parties together. Your roadmap will also help your business advisors and lenders understand your vision of the future.

Here’s how you can start the process.

Get clear on your future. List everything you’d like to achieve with your business. What is the ideal outcome?

Review your finances. A deep review of your finances is essential to a successful succession roadmap. Do all of your family members understand how your organization’s finances work? Is anything unaccounted for, or are there any hidden debts?

Work the plan. Once a plan is in place, it’s time to begin implementing it — a process that could take anywhere from a few months to several years. Options include:

  • Sales to a family member
  • Gifting
  • Business reorganization
  • Shifting business opportunities
  • Partitioning jointly held real estate
  • Establishing alternative (non-ag) investments
  • Creating partial interests and value discounts
  • Generation skipping trusts
  • Entity interests distributed from trusts with existing buy-sell agreements
  • Changing methods of operation

Wondering if you are ready to start succession planning? Take our succession readiness survey. Even if you’re not sure if you’re ready, you can count on our experienced Ag Team to chat about how we can demystify the process.

Contact Jeff Bowmaan at to help you and your family determine the best course for your particular situation.

200 West Roseburg Avenue
Modesto, CA 95350

(209) 527-4220 (phone)
(209) 527-4247 (fax)


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