Let your children bring you joy, we will take care of your old age
Farming is a family business. Any business can be a family business, but farming can only be a family business. And already now you need to take care of the issues of business acceptability, the timing of the retirement of the owner of the farm, review the company’s property and land, and in case of incorrect registration, re-register them so that the next generation does not lose the right to them. You need to think about how you will spend your time in retirement and for what finances. The farm is inherited, but due to improper registration, very often a family losing a farmer suffers another loss – the loss of all property, farm and land, even remaining without a means of subsistence.
Our clients in agriculture understand that farming is not being transferred today in the same way it was 20 years ago. Given the size of modern farms and the high value of assets, the next generation cannot simply “buy a farm.” Therefore, we consult with our clients to determine strategies for the transfer of farms and enterprises.
We are proud to play our part in keeping the agricultural industry alive and do so by advising our clients on how to keep a family farm in the family. We take a comprehensive approach to transfer farms and businesses to the next generation, which includes business planning, management structuring, estate transfer and estate planning for all generations in the business.
We will be useful to you both during a divorce and during the replenishment of your family with new members, and we will help you survive the most difficult moments of your life.