{"id":4413,"date":"2021-01-21T11:37:43","date_gmt":"2021-01-21T17:37:43","guid":{"rendered":"https:\/\/elainefroese.com\/?p=4413"},"modified":"2021-01-21T11:37:43","modified_gmt":"2021-01-21T17:37:43","slug":"hiding-behind-your-advisors","status":"publish","type":"post","link":"https:\/\/elainefroese.com\/2021\/01\/21\/hiding-behind-your-advisors\/","title":{"rendered":"Hiding Behind Your Advisors"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4414 aligncenter\" src=\"https:\/\/elainefroese.com\/wp-content\/uploads\/2021\/01\/kelly-sikkema-9Vhp1-osLo-unsplash-scaled.jpg\" alt=\"\" width=\"530\" height=\"353\" \/><\/p>\n<p><span style=\"font-weight: 400;\">I just heard an estate planning lawyer, Chris Delaney mention that he is seeing farmers \u201csheltering in the tactics\u201d rather than embracing what I call the \u201cemotional factors affecting planning.\u201d Delaney is the author of \u201c<\/span><i><span style=\"font-weight: 400;\">The Naked Opus<\/span><\/i><span style=\"font-weight: 400;\">\u201d, a novel approach to estate planning. It\u2019s a very good read.<\/span><\/p>\n<p>Please understand, the foundation for great transition planning is having open conversations with yourself, your spouse, your successors, and your non-farm heirs <strong>first<\/strong>.<\/p>\n<p>As a farm transition specialist, I want to save you a truckload of money. Get clear first on the expectations of your family circle BEFORE you start listing your needs and wants with your advisors. Doing a series of family meetings before you start engaging professional accountants and lawyers will make your conversations with advisors more profitable and efficient.<\/p>\n<p>A young, highly educated farm successor is crying on the phone because her farm founder widowed dad has lost sight of the family vision to have 2 successors, not just one. He is happy to accept a crafted plan from his accountant, but not happy to have it challenged. This is folly to believe that advisors can create a transition plan without the input of all the farm team players! Delaney\u2019s \u201cdo not shelter in the tactics\u201d means you go straight to tactics like tax strategies, rather than taking the time to figure out the needs and expectations of your farm family first. This is the family circle, the place where dynamics and emotions can keep planning flowing or stuck!<\/p>\n<p><span style=\"font-weight: 400;\">Many of you are not happy with the increasing tension on your farm this winter. It\u2019s not only the pandemic that has amplified the conflict, it\u2019s your procrastination and unwillingness to have collaborative decision making with the next generation. You need to step back, take responsibility for your poor choices, and re-set.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The process of open communication is life-giving and will change the culture of your farm for the better.\u00a0 It\u2019s a mindset shift.\u00a0 Culture beats strategy, it\u2019s what you believe to be true, your behavior with each other, and how you make decisions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conflict is to be embraced as a business risk management strategy. You attack the issues, not the people on your farm team.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a member of the Canadian Association of Farm Advisors, I have high regard for lawyers, accountants, farm business specialists, financial planners, and other mediators who understand that this transition journey is a team of advisors event.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4416 aligncenter\" src=\"https:\/\/elainefroese.com\/wp-content\/uploads\/2021\/01\/marissa-price-kvHP-ueoMNI-unsplash-scaled.jpg\" alt=\"\" width=\"529\" height=\"352\" \/><\/p>\n<h2><strong>Here\u2019s the way to not hide behind your advisors:<\/strong><\/h2>\n<ol>\n<li><b>First, you have to understand what you want. <\/b>Then you need to be able to explain WHY you want what you want to the rest of the family circle, farm, and non-farm. If you are not comfortable doing this with your family on your own, then invest in a 3rd party facilitator or coach for courageous conversations. In 2020 I had over 170 farm families reach out for ways to find harmony in understanding for the transition process. I am now building a stable of coaches to join my virtual coaching work on zoom, as there is much work to do.\u00a0 Folks can get new conflict language like \u201cI think it\u2019s time we come to the table to talk, I feel overwhelmed not knowing where to go next, I want us to be clear about the income streams, and financial viability of our farm, and I need\u00a0 to build family harmony in this process.\u201d<\/li>\n<li><b>Explore options with your successors in the management circle<\/b><span style=\"font-weight: 400;\">, family participation policies that deal with compensation, roles, exit plans, learning plans for successors. You can find many tools to kick-start these conversations with my Farm Family Toolkit at <\/span><a href=\"http:\/\/www.elainefroese.com\"><span style=\"font-weight: 400;\">www.elainefroese.com<\/span><\/a><\/li>\n<li><b>Talk about timelines for sharing ownership of the farm<\/b><span style=\"font-weight: 400;\">. This is the section of planning where you start to talk about structure, tax strategies, and timelines for the transition of ownership. It is also likely here that you start to feel overwhelmed with all the plans you need to put in place. <\/span><span style=\"font-weight: 400;\">The father who takes a pre-determined plan from his accountant is looking for someone else to create solutions for his business, and this creates huge distrust with the successors. Don\u2019t jump to step 3 until you have done the work of steps 1 and 2.<br \/>\n<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400; color: #333333;\">The three circles of planning are 1. Family. 2. Management. 3. Ownership.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can use advisors in each step, making sure that you have robust family conversations in the process.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Where is it written that succession planning needs to be tough? Again, another mindset shift is necessary. Planning for change is a journey. Ask me for my binder tabs to help you get organized. Go to <\/span><a href=\"http:\/\/www.elainefroese.com\/contact\"><span style=\"font-weight: 400;\">www.elainefroese.com\/contact<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>Some farm businesses are highly complex, so the steps outlined above are also more complex, but ultimately \u201clove does not read minds\u201d, you cannot assume what other farm team members are thinking, feeling, needing, and wanting.<\/p>\n<p>Every farm is unique. Every family is unique. Ultimately the farm transition journey should enhance family relationships and secure the legacy of the farm business.<\/p>\n<p><span style=\"font-weight: 400;\">Use professional advisors to help you reach your goals. Don\u2019t expect them to create workable plans when you are not engaged with navigating your family circle first. Dealing with the emotional factors affecting planning is your first step. You can do this.<br \/>\n<\/span><\/p>\n<p><span style=\"font-weight: 400;\">I\u2019m here to help.<\/span><\/p>\n<hr \/>\n<p>Elaine Froese (pronounced \u2018phrase\u2019), CSP is a certified professional speaker, certified coach, author, and Arlan Academy presenter. She\u2019s a go-to expert for farm families who want better communication and conflict resolution to secure a successful farm transition.<\/p>\n<p>Her expertise is to discuss what she calls the Undiscussabull\u2122 \u2013 the bull in the middle of the farm family that no one wants to talk about.<\/p>\n<p>Did you enjoy this post on Hiding Behind Your Advisors? You might want to check these articles out too:<\/p>\n<p><a href=\"https:\/\/elainefroese.com\/farm-family-coaching\/when-silent-nights-dont-bring-peace-to-your-farm-2\/\" target=\"_blank\" rel=\"noopener noreferrer\">When Silent Nights Don\u2019t Bring Peace To Your Farm<\/a><br \/>\n<a href=\"https:\/\/elainefroese.com\/farm-family-coaching\/how-to-pitch-pride-to-get-transition-traction\/\" target=\"_blank\" rel=\"noopener\">How to pitch pride to get transition traction!<\/a><br \/>\n<a href=\"https:\/\/elainefroese.com\/farm-family-coaching\/how-to-start-the-succession-planning-conversation\/\" target=\"_blank\" rel=\"noopener noreferrer\">How to Start the Succession Planning Conversation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I just heard an estate planning lawyer, Chris Delaney mention that he is seeing farmers \u201csheltering in the tactics\u201d rather than embracing what I call the \u201cemotional factors affecting planning.\u201d Delaney is the author of \u201cThe Naked Opus\u201d, a novel approach to estate planning. It\u2019s a very good read. Please understand, the foundation for great&hellip;<\/p>\n","protected":false},"author":2,"featured_media":4414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[],"tags":[569,56,990,112,974,378,762,893,991,992,993,979,982],"class_list":["post-4413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-advisor","tag-conversation","tag-estate-planing","tag-family","tag-family-farm","tag-farm-successor","tag-farm-transition","tag-farm-transition-issues","tag-hiding","tag-lawyer","tag-professional","tag-social","tag-winter"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hiding Behind Your Advisors - Elaine Froese | Canada\u2019s Farm Whisperer | Your go-to expert for farm families who want better communication and conflict resolution to secure a successful farm transition<\/title>\n<meta name=\"description\" content=\"I just heard an estate planning lawyer, Chris Delaney mention that he is seeing farmers \u201csheltering in the tactics\u201d rather than embracing what I call the \u201cemotional factors affecting planning.\u201d\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/elainefroese.com\/2021\/01\/21\/hiding-behind-your-advisors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hiding Behind Your Advisors - Elaine Froese | Canada\u2019s Farm Whisperer | Your go-to expert for farm families who want better communication and conflict resolution to secure a successful farm transition\" \/>\n<meta property=\"og:description\" content=\"I just heard an estate planning lawyer, Chris Delaney mention that he is seeing farmers \u201csheltering in the tactics\u201d rather than embracing what I call the \u201cemotional factors affecting planning.\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/elainefroese.com\/2021\/01\/21\/hiding-behind-your-advisors\/\" \/>\n<meta property=\"og:site_name\" content=\"Elaine Froese | Canada\u2019s Farm Whisperer | Your go-to expert for farm families who want better communication and conflict resolution to secure a successful farm transition\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-21T17:37:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/elainefroese.com\/wp-content\/uploads\/2021\/01\/kelly-sikkema-9Vhp1-osLo-unsplash-scaled-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Elaine Froese\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Elaine Froese\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/elainefroese.com\/2021\/01\/21\/hiding-behind-your-advisors\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/elainefroese.com\/2021\/01\/21\/hiding-behind-your-advisors\/\"},\"author\":{\"name\":\"Elaine Froese\",\"@id\":\"https:\/\/elainefroese.com\/#\/schema\/person\/6960d626ab7e9f2f8f719815b7733dc3\"},\"headline\":\"Hiding Behind Your Advisors\",\"datePublished\":\"2021-01-21T17:37:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/elainefroese.com\/2021\/01\/21\/hiding-behind-your-advisors\/\"},\"wordCount\":996,\"commentCount\":1,\"image\":{\"@id\":\"https:\/\/elainefroese.com\/2021\/01\/21\/hiding-behind-your-advisors\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/elainefroese.com\/wp-content\/uploads\/2021\/01\/kelly-sikkema-9Vhp1-osLo-unsplash-scaled-1.jpg\",\"keywords\":[\"advisor\",\"Conversation\",\"estate planing\",\"family\",\"family farm\",\"farm successor\",\"farm transition\",\"farm transition issues\",\"Hiding\",\"Lawyer\",\"professional\",\"Social\",\"Winter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/elainefroese.com\/2021\/01\/21\/hiding-behind-your-advisors\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/elainefroese.com\/2021\/01\/21\/hiding-behind-your-advisors\/\",\"url\":\"https:\/\/elainefroese.com\/2021\/01\/21\/hiding-behind-your-advisors\/\",\"name\":\"Hiding Behind Your Advisors - 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