Securing Your Family Farm’s Future: How Trusts Can Aid Succession Planning
Succession planning for family farms is a critical aspect of securing a legacy for future generations. Many farming families face the challenge of transitioning ownership to the next generation when there are uncertainties about individual involvement in continuing the family business. In such situations, a trust can play a vital role in safeguarding the farm and its assets The practicalities of using trusts for succession planning in farming families are explored by Graham Doubtfire, Private Client Tax Partner.
1 0 | SCRUTTON BLAND | AGRICULTURE AND FARMING
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