FarmFuture
FarmFuture
FarmFuture is a dedicated service to the rural community, giving peace of mind to all family farming families on a range of issues, including succession planning.
Napthens’ rural team has an in-depth understanding of the issues facing those involved in the agricultural sector, supporting clients sometimes decades in advance of any changes to circumstances.
We understand the practical issues and challenges involved in running and developing a commercially successful farming business, owning and managing land, complying with regulations – and ultimately providing personal security and a successful future for the family.
As a NFU legal panel member for many years, Napthens advises the farming community on a range of specialist issues and we’ve seen first-hand, how changes in traditional family partnership structures, combined with a changing economic and political climate, mean it is more important than ever for farmers and their families to have in place well-structured succession plans.
How Napthens can help
Through FarmFuture, Napthens’ rural team will support the wide range of issues faced by each farming family. These include property, business and family interests.
Under each element we will do:
A full audit of property interests:
- Family residential dwellings
- Farm buildings
- Farming land
- First Registration of any unregistered land
- Land Options
- Overages and Clawbacks
- Potential development sites and land diversification
- Sporting rights
- Tenancies of land and dwellings
A detailed review of the structure of the family farming business:
- Contract reviews (tariffs, HP, milk)
- Contractors: how to properly engage them
- Employment law issues
- Farming Partnerships
- Potential eligibility for Business Property Relief and Agricultural Property Relief
- Supply chain matters
- Tax affairs and effective planning
- Third party review of insurances
A review of individual family protection and estate planning:
- Lifetime gifts
- Pre-nuptials and post-nuptials
- Trusts
- Wealth management
- Wills and family protection
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