Farm Succession
Protecting What You've Built
Planning for the future of the farm, the family and the generations to come
A legacy worth protecting
You’ve worked hard and you should want to enjoy the rewards of that labour with dignity and financial security. A well-executed succession and transition plan allows you to move back at your own pace, and on your own terms, while giving your successor, and the wider family, the certainty they deserve.
And what about that family? How do you create a long-lasting multi-generational operation that will serve your family for decades to come? How do you ensure your expanding family, with new or estranged members, will not destabilise what you have built? Without a formal plan to progress and protect your wishes for the future, your legacy could face serious challenges.
More than the land
Our approach goes further than just who will run the farm, to provide a solution that coordinates the legal, structural and family dynamics. Each element needs to be considered as part of the wider picture.
Diverse financial needs
Family dynamics
Existing structures
Illiquid assets
While you may have wills and probably a trust structure, which may have their foundation in tax or other legal reasons that were the focus at the time, they may not service all the new and complex needs of you and the family as it has grown and changed.
Bringing the whole picture together
We are specialist counsel for the complexity of farming operations, and achieving your goals for the future depends on a multi-disciplined approach. Tax and asset protection are only part of the picture – family dynamics and financial complexity will shape the outcome just as much. Bringing all these elements together as one coherent whole is what we do.
Family and future
Diverse needs and family dynamics can leave you feeling overwhelmed. Partners may contribute a lot but feel very exposed. Non-farm based children may wonder where they stand. Others will have an interest. Understanding and consideration of all the necessary concerns is fundamental to a structure that will overcome the potential for problems in the future.
Assets and advice
Even though the assets involved may be largely illiquid, or needed to continue the business of the farm, it does not mean they are a barrier. With the right plan and advice, they are often a big part of the solution.
A clear pathway forward
Our programme of staged and clear steps lets you move through the process at your own pace and know exactly what you’re working towards at each step.
We can work alongside your existing advisers, bringing our experience to navigate every facet of your particular circumstances and making sure every part of the plan supports your broader goals.
The first step is simply to talk to us about your goals, concerns and boundaries. We will work with you to map out your family dynamics and any other relevant factors to understand what is important, how you want the future to look and show you the pathway steps to building an enduring future that will serve you and your family.
Meet our team
Talk to us about your goals, concerns and boundaries. Together, we can begin mapping a pathway for the future of your farm and family.
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