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