22nd IFMA Congress Proceedings
NPR - CATALYSING SUCCESSION CONVERSATIONS
Abstract
The topic of handing on the family farm to the next generation does not appear to become any easier. Many techniques have been used to aid discussions, tax and legal planning. The use of simulations with professional actors role playing difficult scenarios has been tried with success across four countries of the UK over a two year period. The presentations and workshops resulted in increased uptake up of professional services to discuss the details of succession planning. The events used a package of videos, powerpoint and discussion to catalyse succession discussion.