I talk to Ian Mortley from WLW Group about what you need to be aware of when planning your farm succession.
A couple of questions to help you plan your succession:
Are you relying on your will, or do you have a documented succession plan?
Have you discussed succession with your family or financial advisor?
Are you and your successors aligned about the future direction of the family farm?
Is it a clear direction for your successors and their families?
Do you have sufficient off-farm assets to fund your retirement?
We assist farming businesses with the succession plan and have a detailed plan workbook and questionnaire to help guide you in the right direction.
If you need help with your succession planning, please book a meeting.
Ian Watson
Director | WLW Group