Thanks for joining us for episode three of Continuity Conversations! The first two episodes focused on the value of the farm and the importance of thinking long-term about not just the farm legacy, but also the debt load of a continuing business (see those here).
In this episode, host Shaun Haney again sits down with Derryn Shrosbree, CEO and founder of 33seven, to explore the next critical piece in building a long-term transition plan: defining who’s in your legacy “tent”—and what seat they occupy.
In this episode, Haney and Shrosbree cover:
- Understanding the ‘tent’ analogy – Why knowing who belongs in your farm’s succession circle matters
- Trusts 101 – Differentiating between Canada’s 21-year trust and the rarely discussed continuity trust
- Matrimonial risk protection – How trusts can safeguard family farms from divorce-related asset loss
- On-farm vs. off-farm family roles – Acknowledging unequal risks and contributions in family transition
- Estate equalization strategies – Using life insurance to balance legacy goals for multiple heirs
- Creative continuity financing – Working on the estate plan vs. equipment spend dilemma
Don’t miss: Shrosbree’s breakdown of how life insurance and trusts can work together to eliminate opportunity cost and protect long-term farm ownership without sacrificing operational needs.
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