Farm succession planning during the COVID-19 crisis
Our Head of Agriculture, Mark Chatterton, will be joining a panel of professionals to discuss farm succession planning during the COVID-19 crisis.
This webinar hosted by Farmers Weekly, in association with Duncan & Toplis, Carter Jonas and Penney Financial Partners, explores the challenges families encounter across the UK when going through the succession planning process.
A farm is more than a business or even a way of life. The end goal of any farm succession plan is to take care of the family and bring them together while making sure that the business continues to thrive. This is the gold standard but what real challenges do families encounter across the UK when going through this process? What can be done to smooth the path and keep everything on track and on side? In this session, experts will discuss the many aspects of succession and address some of the key issues:
› Speaking to your family plainly and truthfully is a skill – learn how to open the discussion, ask the right questions, negotiate and find appropriate ways of communicating
› It’s important to plan for, but not be driven by, tax considerations
› Take stock of the health of the farm business before you start the journey
› Think of all possible avenues to succession – there may be solutions that are not immediately obvious
› Succession is about far more than transferring assets – clear plans should also be for a successful and practical handover.Register for Event