A farm is a way of life, a family legacy built through generations of dedication and hard work. At Schiller, Spence & Associates Private Wealth Management, we specialize in helping farm families bring structure to their financial future.
Our team of farm financial advisors guides agricultural families through planning, growth, and succession with care and precision.
Tailored advice for agricultural families
No two farms operate the same way. From crop and livestock operations to family-run agribusinesses, each farm requires a customized approach. As your local agricultural financial advisor, we connect every part of your financial picture, corporate structure, tax strategy, estate planning, and investment management, into one coordinated plan. Our advice-first, full-picture planning ensures decisions are connected, measurable, and always aligned with your family’s goals.
Building stability through a strong financial structure
Agriculture is unpredictable, but your financial foundation doesn’t have to be. We help families strengthen cash flow management, mitigate operational risks, and prepare for shifting markets or weather-related challenges. Through well-designed investment strategies and effective liquidity planning, we ensure your farm remains stable throughout every season. Our team-based approach means you always have access to the right experts, two planners when needed, to keep decisions moving and opportunities captured quickly.
Succession planning that protects your legacy
Passing on a farm involves more than a transfer of assets, it’s a transfer of purpose, identity, and responsibility. We guide families through structured business succession planning, ensuring ownership changes are tax-efficient, fair, and thoughtfully designed. Whether one child continues the operation or multiple family members share involvement, we help you build a plan that preserves harmony and protects the farm’s future. From trust structures to long-term tax strategies, every detail is handled with care so your legacy endures for generations.
Tax and estate planning for farmers
Agricultural tax rules present unique opportunities, and taking full advantage of them requires specialized knowledge. As experienced farm financial advisors, we ensure you benefit from strategies such as the Lifetime Capital Gains Exemption (LCGE) and tax-efficient ownership transfers. We also help reduce estate tax exposure, structure wills and trusts, and plan charitable giving that reflects your family’s values. The result is a cohesive plan that protects your wealth, safeguards your operation, and simplifies future transitions.
Incorporation and risk protection
For many farm families, incorporation can provide tax efficiencies and liability protection. We help you assess whether incorporation is the right fit for your operation, ensuring the structure aligns with your business and family goals. We also design insurance and risk management strategies that protect your income, assets, and future, from critical illness and disability coverage to corporate-owned insurance that supports business continuity.