Probably the most demanding and difficult tasks undertaken by farming families is planning the succession of management and assets to the next generation. The fact is it can’t be ignored and will be addressed eventually as a result of circumstance if not dealt with proactively beforehand.
At PrincipleFocus we understand the potential difficulties of the process and have worked with literally hundreds of families to achieve workable solutions to future planning. We place enormous emphasis on helping our clients manage this often emotional and challenging task.
Our methodology is built around appointing a skilled facilitator to the task of managing the estate planning and succession project under the direction of and on behalf of the family.
The facilitator will help the family determine the individual needs of members and then help them reach agreement on an overall plan. Once an “in principal” agreement is achieved the facilitator then engages appropriate professional staff (including accountants, consultants and solicitors) to prepare the final plan and documentation as required.
The process often dramatically reduces the cost of estate and succession planning and ensures that the professional advisors are directed by the families needs not the other way around as has sometimes been the case in the past.
PrincipleFocus employs some of Australia’s leading family business facilitators and our network of expert agribusiness professionals means our clients have access to the very best advice in terms of
