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The topic of succession, forward planning and wills is of constant relevance to farmers.
Over the next four weeks I will discuss succession planning and what you need to consider.
This topic for discussion cannot start early enough so all farmers are well equipped to consider all their options.
The decision to transfer to a family member, create a partnership, sell up or lease out the farm will all have different consequences.
Whatever the choice, it is vitally important to meet up with the experts such as, your accountant, legal adviser/solicitor, and your tax consultant to discuss all options. Farm succession is a specialist area.