Peace of mind for you and your farm
A lack of succession planning and discussion about the future can result in dire circumstances, ruining family relationships and forcing farms to be sold.
A lack of succession planning and discussion about the future can result in dire circumstances, ruining family relationships and forcing farms to be sold.
It is not uncommon to see farmers who prepared a will when they purchased their first farming property many years ago and it is has subsequently gathered dust in the bottom of a draw somewhere “out of sight – out of mind”.
There will have undoubtedly been changes to the farm business whether it be a son or daughter helping on farm, purchase of more land, in-laws arriving on the scene etc…
Suddenly the will prepared many years ago does not address what will invariably be a more complex position.
While often a difficult exercise, at some point it is necessary to contemplate what will happen in the future and address what the farming business may look like at the point Mum and Dad pull back from being actively involved in the farming business.
Succession planning is a process and there are generally no silver bullets that can be fired to solve the problems of the world.
In normal circumstances Mum & Dad need to maintain control throughout this process.
At HC Rural we can:
We see succession planning as a process not an action.
Call us to discuss your future now.
We’re committed to providing excellent advice and support to you and your rural business. We provide a diverse range of specialist services specifically designed to add value whatever stage your business is at.