Additional Resources

This program from Purdue University helps people organize their thoughts and information before seeing an advisor about an estate plan. Since many people avoid estate planning because they think that the process will be overwhelming, the simple six steps provided in this online program will help people prepare.

From Purdue University. Offers information, communication strategies, and frequently asked questions concerning transferring farm ownership, a presentation guide, videos showing a real transfer situation, and an interactive quiz.

This article, published in the "Family Business Review" journal (Oct. 26, 2021), provides a comprehensive framework for understanding entrepreneurial families as "family-related organizational ecosystems" that serve to generate (and balance) the accumulation of financial and socioemotional wealth. As such, the authors suggest broadening the scope of family business research to consider a wider range of organizations besides the family firm, such as family foundations, family business foundations, family offices, family holdings, family academies, and family museums.

“Passing the baton” from predecessors to successors in family firms has long occupied and preoccupied practitioners and researchers. This "Family Business Review" articles explores the utility of an "imprinting-based process" model for helping to explain the willingness of younger family members to step in as successors in the family business. [Reference: Marques, P., Bikfalvi, Busquet, F. (2022). "A family imprinting approach to nurturing willing successors: Evidence from centennial family firms." Family Business Review, 35 (3), 246-274. September. https://doi.org/10.1177/08944865221098316]