Family Forest Transition; Who will carry on your work?

By
Real Estate Agent with Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities #1 in Forest Land Mgmt

Family Forest Transition; Who will carry on your work?   forest


  We have many clients who are dedicated to creating a better forest on their lands.


  They are good land stewards, often spending a lifetime improving the forest in little ways and in major ways only to reach the end of their lives and have their hard work completely undone when their heirs liquidate their forest.

forest
  Heirs don't generally try to undo their parents work; they generally just don't know what path to take.

  •   They often don't know that taking the wrong trees out in a thinning is generally worse than taking all of the trees.
  •   They don't know the values of the assets they have inherited.
  •   They don't know the science behind what makes a forest grow.
  •   They don't know the correct financial planning involved in maintaining a great forest.
  •   They don't know the difference between a Forester and a Logger, and why it is Essential to have a good Consulting Forester helping them with the management for the forest.


forest 

 

 

 

 

 

 

 

 

 

With a bit of careful planning and education your heirs can continue your important forest stewardship. 

  Decide which of your children are interested in good forest stewardship, give the forest to them, and give the other kids your house, stocks, etc.

forest
  Educate your kids in what you have done to care for the forest and why it is important.

  • Make sure your kids get to know your Forester.
  • Make sure they know what your forester is doing for the forest.
  • Make sure they know why your forest plan is important, both for the health of the forest and for the financial health of the forest asset.

 


  Concerned about the future of your forest, don't leave the future to chance.

  Don't wait until the end, start planning for your forest's next caretaker today!


  Give me a call, I can help.

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Nicholas Crane 11/25/2015 07:25 AM
Topic:
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Groups:
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Tags:
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Ambassador
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TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
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 Good Tuesday morning Bob. I do have to agree that we need to take care of our lands because they are generational gifts.

Nov 23, 2015 06:03 PM #1
Rainmaker
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Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

That's an important message, Bob. Most heirs do not understand the importance and the value of the land they have inherited. And the point you made about most people not knowing the difference between a forester and a logger? Again, true and on point.

Nov 23, 2015 10:06 PM #2
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Debbie Reynolds
Platinum Properties - Clarksville, TN
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So true and most of us have no idea where to start. It takes a plan and calling in the experts like you.

Nov 23, 2015 10:14 PM #3
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Many people think that just cuttiing any tree will fit the bill but there is so much more to it than that

Nov 23, 2015 11:39 PM #4
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Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

I agree with William too above me...I hope you have a great upcoming holiday too!

Nov 23, 2015 11:48 PM #5
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Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Bob Crane Thank God, forests are renewable. It may take some time, but the mistakes can be corrected. But a better choice is not to make the mistakes in the first place.

I hope they listen to you.

Bill Roberts

Nov 24, 2015 12:38 AM #6
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
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Bob hopefully those who have large tracks of forest land will follow the wise advice you have provided in this blog.

Nov 24, 2015 01:02 AM #7
Rainmaker
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Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Great post, Bob.  I'm sure for many people it's one of those things they think they will get around to discussing with other family members and just don't get it done.  

Nov 24, 2015 08:43 AM #8
Rainer
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Nicholas Crane
Woodland Companies - Cadott, WI
Managing & Appraising Forest Land

Thanks for sharing these reports, our clients gain value from of this type of information.

 

Apr 03, 2020 11:19 PM #9
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Bob Crane

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