In this conversation, family business consultant Lance Woodbury discusses the complexities of succession planning in family-owned agricultural businesses. He emphasizes the importance of maintaining family relationships alongside asset transfer, the challenges posed by cash flow issues, and the need for effective communication between generations. Woodbury shares personal anecdotes and success stories, highlighting the significance of proactive planning and the differences between estate and succession planning.

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Cliff is the founder and co-owner of Rocky Mountain Financial Group in Denver, Colorado. He has 30 years of experience working with business owners regarding their estate and business planning.
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