This thesis is a guidebook about generational transition for foreigners and for those who are interested and are planning a Generational Transition on their farm. The thesis can be divided into two parts, terminology and case. The terminology part includes law, finance and taxation. The case part is theoretical and gives an example of how generational transition can be carried out. The aim of the study was to a make guidebook of implementing Generational Transition on a farm in English as most of the sources were only in Finnish. Second aim was to gather general information of the agricultural situation in Finland. The used research method in this thesis was qualitative research. The method was chosen as the material that was gathered for the thesis came from readymade materials. As a result of the study a simplified guidebook in English was drawn up for those people who want to know how to start Generational Transition process and see it through, whether or not they are planning to implement generational transition in real life.