Join the Farming Advice Service and Heather Wildman, Succession Specialist at Saviour Associates, for a professional webinar on Succession Planning in Challenging Times, with expert insights from the Farming Community Network (FCN)
This session will guide you through:
- Effective ways to prepare for a succession conversation
- Strategies to minimise conflict and confusion
- Approaches to asset valuation and legal considerations
- Practical advice and signposting to sources of help and guidance
- Speaker presentations are followed by an audience Q&A.
Useful resources:
Please note; where these links reference private commercial organisations, inclusion does not indicate either Defra or FAS endorsement. Due to the nature of succession, free guidance is often available from companies and organisations which also offer paid services.
FarmWell, a one stop resource to help you and your farm business stay strong and resilient - https://farmwell.org.uk/https://farmwell.org.uk/practical-guide-and-preparation-after-someone-passes-away/
The Succession Alliance - https://www.successionalliance.com/
Farming Partnerships - https://ahdb.org.uk/knowledge-library/farming-partnership
Agricultural And Farming Trusts: A Guide For Small Scale Farmers - https://blackstonesolicitorsltd.co.uk/category/blog/agricultural-and-farming-trusts-a-guide-for-small-scale-farmers/
GOV.UK Inheritance Tax Guidance; the Rules on Gifts - https://www.gov.uk/inheritance-tax/gifts
Life insurance for inheritance tax - https://www.rbcwealthmanagement.com/en-eu/insights/the-benefits-of-life-insurance-for-inheritance-tax-planning
Capital Gains Tax: what you pay it on, rates and allowances - https://www.gov.uk/capital-gains-tax/allowances