Succession and business planning

Protection of your hard earned wealth and equity for the next generation becomes of paramount importance as you approach retirement. How you deal with any undischarged debt over farm assets, how you might structure an intergenerational transfer of the farm to specific children and other gifts to the remaining children, and ensuring as best as possible that your wishes go unchallenged, these are some of the main challenges faced by retiring farmers with asset rich portfolios. Our rural law team can provide the best , up to date advice on the risks associates with possible challenges to your estate and how best to provide a business succession plan for your farming business as part of an overall estate planning strategy, so that your will reflects as much as possible your wishes, within a framework that is likely to pass the scrutiny of the courts.

You may need a simple will, or you may be better served with a testamentary trust, you may have a beneficiary who qualifies for a special disability trust, you may have a self managed superannuation fund to consider. In all cases our rural law team can steer you through to the best arrangement for you, and be with you every step of the way.

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Testimonials

My husband and myself recently purchased a block of land at Habana and we decided to use the Team at Kelly Legal. We had the up most professionalism and the contact between us and the Kelly legal team…

— KF, Ooralea, November 2015

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This was our first property transaction in 48 years. Debbie always returned our phone calls straight away. She was kind to us and helped us understand what was going on and took the time to explain…

— MS & AS, Mount Pleasant, February 2015

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Jane's letters that she sent to others on my behalf were brilliantly written.  She always explained everything to me in down to earth terms.  Jane is very intelligent and understanding and…

— JW, Glenwood, February 2015

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I was able to see an experienced lawyer the next day without going on a waiting list.

— CF, Eimeo, February 2015

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Elspeth told us what our rights were and what we were entitled to, and she was spot on.

— SD & SD, Belgian Gardens, February 2015

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I found Elspeth to be kind and compassionate, but professional at the same time.

— KA, North Mackay, February 2015

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