Apr 10, 2019
In this episode, Paul discusses a recent fact sheet that highlights the issues with sweat equity. Sweat equity can develop when family farms fail to take care of the issues early on with a succession plan.
Materials discussed in this episode:
- Mason Grahame, Dale Johnson, Catherine Onumajuru, and Paul Goeringer. Valuing On-Farm Heir’s Sweat Equity Is Complicated and Agreements Should Be Developed to Fairly Compensate On-Farm Heirs (UME, FS-1079, 2018).
- University of Maryland Extension’s Farm Transitions and Estate Planning
If you have questions for Paul contact him at lgoering@umd.edu, tweet him @aglawPaul or 301-405-3541.