Planning for the Future: Succession in Farming and Rural Businesses

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Andrew Brown (Partner & Head of Agriculture Sector), Clara Staunton (Partner), Guest Author Lindsay Beeston (Director), Guest Author Jack Sharpe (Director)

Published
Event date: Wednesday 4th November 11:00am - 1:30pm GMT

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Practical succession planning for farming families, covering business structures, Wills, trusts, land and protecting the future of the farm.

Succession in farming is about much more than passing on land. It involves protecting the future of the family, the farming business and the assets that have often been built up over generations.

Join Myerson Solicitors, Afford Bond and Fazakerley Sharpe for an in-person seminar bringing together legal, financial and land management perspectives on succession and long-term planning for farming families.

Our speakers will explore how farming businesses can prepare for change, from choosing the right business structure and considering diversification to planning for the transfer of management and ownership, protecting against unexpected events and putting appropriate Wills and estate planning arrangements in place.

Why attend?

Afford Bond – Farming structures and diversification

  • Choosing between sole trader, partnership and limited company structures
  • How business structure can affect future plans
  • Diversification and developing new income streams

Myerson Solicitors – Business succession and contingency planning

  • Management and ownership succession
  • Planning for illness, loss of capacity and death
  • Shareholders' agreements, articles and cross-option arrangements
  • Partnership and limited liability partnership agreements

Myerson Solicitors – Wills, trusts and estate planning

  • Estate and succession planning for farming families
  • The importance and structure of an up-to-date Will
  • Using trusts to protect assets and plan for future generations

Fazakerley Sharpe – The land agent's role in succession

  • Planning early and bringing the family into the conversation
  • Balancing the future of the farm, family and business
  • Practical, independent guidance through rural succession

Who is this session for?

This seminar is particularly relevant to:

  • Farmers and farming families
  • Agricultural business owners
  • Landowners
  • Partners and shareholders in farming businesses
  • Those considering retirement or succession
  • The next generation preparing to take greater responsibility for a farming business

 

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0161 941 4000

 

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Andrew Brown

Partner & Head of Agriculture Sector

Andrew has over 27 years of experience acting as a Corporate and Commercial solicitor. Andrew is the Head of Myerson’s Agriculture Sector. He has extensive experience in mergers and acquisitions, joint ventures, intellectual property matters, and business restructuring.

About Andrew Brown
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