From empty nest to full house
Is your empty nest no longer empty? Here are some ways to navigate the emotional and financial challenges of an adult child moving back home.
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5 Succession Resources at your fingertips
To support your journey in implementing effective succession planning strategies, we have put together a list of essential resources that you and your family can explore.
Farming Succession Planning
Farmers stepping back or out of farming into retirement need financial security. Financial security is one thing; financial independence (from the farm) is another.
Farm Succession – When the Planets Align
This year when considering your annual tax planning, it is more important than ever for multi-generation farming and grazing enterprises to be thinking about what their future is to look like and how the possible scenarios for farm succession could be planned for, in the most financially effective way.
Rural Succession Planning Workshop
Carrick Aland Managing Partner and rural Succession Specialist, Wayne Turner, will be speaking at a free Rural Financial Counselling Service event on 3 March 2021 in Clifton.
The Roll of Wills and Other Legal Agreements in Succession Planning
Whilst not an exact science, following a structured framework in analysing differing concepts of equity not only assists in providing comfort in the context of “having done the best possible for all” but is also an effective tool in educating and conveying reason, to all family stakeholders, for what may be seen as tough, “knock on” implications of the concepts adopted.
Leaving the next generation with a viable ongoing business
To achieve a level of comfort around accepting the financial position imposed by any proposed plan, farm successors need to know exactly how addressing the identified wants of an exiting generation will impact their future viability.
Succession planning and establishing the wants
In our first article of this succession planning series, we focused on recognising the need for and encouraging early engagement in the succession process. But where to start?