#73 - Effective succession planning

This episode is presented by Alison Harvey, Agri Supply Chain Advisor at Rural Advisor. She is joined by Solicitor and Managing Partner at Agri Advisor, Dr Nerys Llewelyn Jones. One of the most difficult conversations to be had revolves around succession planning, especially when dealing with the issue within a farming business, where personal and business objectives often go hand in hand. Agri Advisor feel that it is important to look at succession planning as a process as opposed to a one-off event. It is advisable that your wills, inheritance tax position, powers of attorney and your business structures are considered before inevitable changes to your farming business arise.