Shropshire’s leading agricultural law team is urging farmers to focus on their plans for the future ahead of a new initiative to encourage family discussions about succession planning.
Jane Hughes, a Partner with the Agricultural & Rural Services team at FBC Manby Bowdler, said
She made the comments ahead of ‘Succession Sunday’ on May 29, an initiative by NFU Mutual to encourage families to talk about succession plans.
Research by NFU Mutual revealed only 40
Jane said: “Family farms are like any other business but it can be hard to start those sometimes uncomfortable conversations about planning for the future with your relatives.
“But not talking about it can
“It is an eternal problem for farmers trying to ensure that the family farm continues and thrives whilst at the same time making fair provision for
Jane said legal advice should always be sought as complicated issues such as the division of an estate and property assets, will and tax planning and asset transfers could form part of the discussions.
“Involving a lawyer, particularly one that
“The experience within the FBC Manby Bowdler team means that we can help tailor a succession planning that safeguards the future of the farm while ensuring that existing and future family members are provided for,” she added.
FBC Manby Bowdler’s Agricultural & Rural Services department was the only specialist legal team in Shropshire to receive a
3 members of the team - Anna Russell, Sarah Baugh