“You’re starting to think about succession.  Who to talk to before you make a plan”. 

Join Jude Wilson and Brian Carter from Hamertons Lawyers Ltd as they discuss: 

• Selling/transferring shares in your farming company to one or more children 
• A sale of the farm to one or more children (or an entity under their control) with a loan back for all or part of the purchase price 
• Leasing to one or more children with a right of first refusal to purchase  
• Distribution from a trust if the farm is held in a trust 
• Disposition by will 
• Subdividing to provide a part of the farm for each child (if that’s possible) 
• Selling the farm on the open market 

All of these options will come with an overlay of: 

• The potential advantages and disadvantages/pitfalls of each option 
• How will you provide for your other children if only one or some will take a share of the farm? 
• What supplementary documentation might be needed 
• The cost of implementing the succession plan – legal and accounting fees, tax… 
• What if you want to keep living on the farm but not own/farm? 

This webinar was bought to you by Dairy Women’s Network and Hamertons Lawyers.

By purchasing the access to this webinar, you will receive the link to the view the webinar recording

~ Recorded on 23 November, 2022 ~