Farm Estate Planning Survey

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* 1. What is your role in the agriculture industry?

Farmer landowner

Tenant farmer

Agri-business owner

Agriculture employee with off-farm job

Both a farmer landowner and tenant

Both a farmer and agriculture employee with off-farm job

Other

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* 2. How old are you?

Under 18

18-24

25-34

35-44

45-54

55-64

65+

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* 3. Are you married?

Yes

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* 4. How many children do you have?

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* 5. Do you have a Last Will and Testament?

Yes

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* 6. Do you have a Power of Attorney for Property?

Yes

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* 7. Do you have a Power of Attorney for Medical (or Health Care Proxy)?

Yes

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* 8. Do you have a trust?

Yes

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* 9. If you have a trust, is is a revocable or irrevocable trust?

Revocable Trust

Irrevocable Trust

Not Sure

N/A

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* 10. Do you have a business entity?

Yes

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* 11. If you have a business entity, what type do you use?

Limited Liability Company

Corporation

Limited Partnership

General Partnership

Sole Proprietorship

Don't know

N/A

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* 12. If you use a business entity, do you have multiple business entities?

Yes

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* 13. How many times in your life have you revisited your estate plan?

N/A

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* 14. Does your family have open communication about estate plans?

Yes

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* 15. What is a way that your family has been successful in having the estate planning discussion (if applicable)?

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* 16. What are your top 3 goals with your estate and succession plan?

No. 1 Goal:

No. 2 Goal:

No. 3 Goal:

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* 17. Do you have an estate planning attorney?

Yes

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* 18. If you have an estate planning attorney, how did you find this person?

N/A

Local lawyer

Referral from someone I know

Referral from an agriculture organization

Google

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* 19. If you have a farm or an agri-business, do you have a succession plan on transferring the knowledge and management skills to the next generation?

Yes

Not sure

N/A

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* 20. If you were going to rate your family's estate plan on a scale of 1 to 10, what would you give yourself?

Clear

i We adjusted the number you entered based on the slider’s scale.

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* 21. What is your biggest fear (if any) with doing an estate plan?

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* 22. What is your ideal budget for doing a farm estate and succession plan?

$1K or less

$1K to $2K

$2K to $4K

$4K to $6K

$6K to $8K

$8k or more

No clue how much is a reasonable budget

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* 23. Have you identified an heir interested in taking over the agriculture business or farm?

Yes

Not sure

N/A

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* 24. When is the last time you reviewed your beneficiaries to make sure they are correct?

Don't know what you're talking about

Last year

Last 2 years

More than 2 years ago

Never

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* 25. What is your biggest roadblock with doing or updating your farm estate plan?

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* 26. What state are you located in?

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* 27. Do you have life insurance?

Yes

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* 28. Do you have enough life insurance to pay for the debt on the farm, agri-business and or personal debt?

Yes

N/A

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* 29. Do you personally have either a prenuptial agreement or postnuptial agreement?

Yes

Not applicable, I'm not married

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* 30. Does a child or heir have a prenuptial or postnuptial agreement?

Yes

Not applicable