Kole Kelley | Succession Planning

Kole Kelley, an attorney at Fennemore Craig PC in Denver, discussed his background in agriculture and his focus on succession planning. He highlighted the importance of securing payments, managing water rights, and mineral rights in Colorado. Kelley shared his personal experience of transitioning his family's farm after his father's passing, emphasizing the need for open communication and proper planning. Key legal tools for succession planning include trusts, LLCs, and wills. He stressed the importance of early planning to avoid costly legal battles and ensure family goals are met, advocating for professional advice to navigate the complexities of agricultural succession.