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17: Succession Part 2 - with Mark Thomas of the Farming Community Network
Taken from our Succession webinar, hear from Mark Thomas of the Farming Community Network on approaches to succession planning for farm businesses.
During the podcast we refer to a few online resources, which you can find here:
Watch the full FAS Succession webinar at https://www.farmingadviceservice.org.uk/webinars/succession-planning-challenging-times
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
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By Farming Advice Service podcastTaken from our Succession webinar, hear from Mark Thomas of the Farming Community Network on approaches to succession planning for farm businesses.
During the podcast we refer to a few online resources, which you can find here:
Watch the full FAS Succession webinar at https://www.farmingadviceservice.org.uk/webinars/succession-planning-challenging-times
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
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