Business Clinic webinar: Succession Question Time
© Nina Lawrenson/peopleimages.com/Adobe Stock The changes already under way and anticipated in farming and land use are prompting many succession discussions and, in some cases, changing their direction.
FW’s latest Business Clinic webinar offers legal, tax, management and insurance advice on the process.
See also: View all our webinars
Watch our webinar in which three experts offer advice on these discussion points:
- Where to start and how to ensure a productive conversation
- How and when to hand over successfully – handing over management and stepping back
- The lump sum exit scheme process and succession
- How alternative arrangements such as share farming can help where there is no obvious successor, or the likely successor is not able to take up management in the short term
- Sudden succession – when the process is forced by circumstances such as illness or death
- How a change of mind can lead to legal challenges
- Pre-nup and post-nup agreements – their importance, their use, how they should be approached and drawn
- Financial, housing and pension planning
- Housekeeping – getting the detail right once the big decision has been made – wills, transfer of schemes, agreements, insurance, notification of banks and other authorities.
Our partners
Thrings
Diversification can be fruitful and profitable especially in a post-Brexit, post-Covid world. But an understanding of and planning for the challenges are essential for a good end-result. Thrings solicitors’ highly specialist Agriculture team is proud to work alongside Farmers Weekly at the Business Clinic webinar to advise on the legal aspects of diversification to enable the growth and success of every project. Thrings writes regularly for the Business Clinic to support Farmers Weekly readers with their legal issues. For more information on how we can help you, please visit our website.
Carter Jonas
Our research has found that diversification remains key to increasing the capital value of your farm or estate, as well as the profitability. We are delighted therefore to work with Farmers Weekly to help farmers and landowners plan for new diversification, to help safeguard their business for the future, whatever that may hold.
A-Plan Rural
A-Plan Insurance, the local and specialist broker, was established in 1963 delivering ‘best in class’ service across a wide range of rural, personal and commercial insurance products. Through its network of local branches and centres across the UK, A-Plan offers a highly personal service and is bringing local insurance experts closer to farmers, landowners and country estates. The specialist insurers work to ensure clients can have their specific rural, personal, and commercial insurance needs under a single policy at a competitive price. You can speak to the A-Plan Rural Team to get a quotation on 01234 676 790.
Armstrong Watson
From organic to industrial, cattle to grain, milking to market, from family to corporate from the hills to the lowlands, from silage to slaughter, from cropping to breeding. We’re with you. As agriculture specialists, we understand the challenges that farming presents. We have a dedicated team of agricultural specialists, many of whom have an agricultural background. We act for around 2,000 farming businesses and our clients like our no nonsense, straight talking approach. They also like the fact that we have a detailed knowledge of agriculture and the unique challenges that working in farming presents. We know where to look for any available tax savings, and how farming businesses can plan for their financial futures in a tax effective way.