EP30 - Trusts vs Incorporation: The Farm Succession Playbook (BC/Canada)

If you own farmland in Canada and you have more than one kid, this is the succession conversation your family needs to have.In EP30 of Farmers in Finance, Rico breaks down the two biggest tools farm families use to protect the land and keep the peace: trusts and incorporation. No jargon, no fluff — just a clear framework you can take to your CPA and lawyer.You’ll learn:• What a trust actually is (and the 3 roles inside every trust)• Where trusts work great — and where they blow up (trustee conflict, vague rules, admin fatigue, 21‑year rule)• Why incorporation can make succession easier (shares vs land titles)• How each option behaves at tax time and at succession (including LCGE concepts)• The “equal vs fair” framework when one child farms and the others don’t• Why liquidity (cash/credit/insurance) is the missing piece that makes any plan workConnect with RicoWebsite + past episodes: https://farmersinfinance.com Book a call: https://riccardomanazza.com Disclaimer: Educational only — not legal, tax, or financial advice. Talk to a qualified lawyer, accountant, and licensed professional for your situation.