Farms just like families are all very different. Farming succession can be a prickly topic with On-Farm and Off-Farm family members, which if not handled early can drag out and get difficult.
Get everyone on the same page with a clear succession plan.
Eden Lawyers has a team of highly experienced lawyers to assist with Succession Planning for Farming families, by improving existing structures and providing certainty for the future running of your Agri business.
The formulating of a strategy for a smooth transition of the farm most importantly puts the family at ease about the future and lets you get back to running the farm.
What’s on your mind?
Eden Lawyers will sit down with you and find out what you want. Sure there is a lot to consider. But developing a true profile of the farm, its assets, entities, commitments, contracts, finances, plus the possible implications of tax and capital gains down the track, gets the ball rolling.
In consultation with your accountant and/or financial planner, Edens will set to work developing the structures and documents needed to put you and your family in the best possible position going forward, to achieve your goals and to secure your vision.
The earlier the better.
Fire, flood, fluctuating markets, local, national and global economics, they all add complexity to the endless decisions needed to run a successful farming operation.
Communication, fairness and family consensus are key to removing unwanted internal conflict. Creating your succession plan as early as possible eliminates all doubt and signals your true intentions.
Don’t put it off, let our experienced specialist create the appropriate solutions for your succession plan, talk to Mike Eden and his team to arrange a FREE consultation.
