Succession Planning
There comes a point in one’s life where you wish to hand over to the next generation.
In many instances it is usually as a result of a health scare when the current owner comes to the realisation that something has to be done now.
Unfortunately, this is often too late.
In most instances I hear the same sentence, “I wish I had done this 5 years earlier”.
Considering your own financial position to ensure you have enough money to survive is one consideration.
The most difficult emotion is “I have done this all my life, what am I going to do”. The answers to this question will transition you to a contented and financially comfortable retirement.
Passing on the family business should be carefully considered as there are a number of factors and different government departments which could lead to deleterious consequences..
A cohesive and fair succession plan takes years to implement. Don’t leave it too late.
Farm Succession
Our team has built up quite a reputation for handling such a complex and delicate event.
Farms stay in families for generations and these families have a deep affiliation with the land, the family growing up on the land and the community they live in.
We have conducted countless negotiations for families to ensure the comfort of the families involved and the continuity of the farm as a going concern.
