Succession and Inheritance
Transferring the family farm is so much more than just a simple business transaction; there are a number of complex issues to be addressed including:
- The family home is normally inseparable from the business.
- A number of family members/ siblings/ children to be catered for fairly
- If the transfer is during the owner’s lifetime, the owner will require an income, as well as possibly the recipient depending on the circumstances.
- Creating an arrangement that can provide a solution for the different opinions of the family members involved the discussion
A Guide to Transferring the Family Farm
This publication aims to help farm families familiarise themselves with some of the complex issues that can arise while developing a farm succession plan.
Farm Succession & Transfer Guide
This manual will provide you with the best methodical approach to succession and inheritance