Ep.3 Experts in the Field: Planning for the next generation – a family lawyer’s perspective
In this episode our in-house experts consider the importance of succession planning, the value of discussion and documenting those discussions to avoid family conflict.
Farming families are unique in that they often live and work together on the largest capital asset, which is usually passed down through generations. Without open discussions and proper succession planning, this set up can all too easily lead to costly and emotional family conflict.
What's in this week's episode?
Our experts discuss how you can begin discussions and the documents we recommend to guard against risk which can act as an insurance policy for the future. We'll explain family constitutions, partnership agreements, wills, pre- and post-nuptial agreements, and cohabitation agreements before concluding with our key tips and takeaways.
Podcast speakers
Useful resources
- Article: Succession planning for farming families – the impact of divorce
- Article: Guide to Prenuptial Agreements in the UK
- Twitter: Foot Anstey - Farms, Estates and Rural Land team
- Website: Family Law at Foot Anstey
Access all the previous episodes our podcast via our dedicated Experts in the Field podcast page.
