Succession planning: get crucial advice to help you plan ahead
How can you prepare your rural business, land and family for the future?
Succession planning is often postponed—but it’s one of the most important responsibilities for any family business. With the government’s changes to inheritance tax and the Autumn budget announcements, there is no better time to start planning for upcoming tax changes.
CLA Cymru, in partnership with Hugh James, held a successful Succession Roadshow at the Royal Welsh Showground, with attendees sharing their concerns and learning from our trusted experts on topics including:
- Tax updates and how the CLA can support you
- Business structures: companies, partnerships, and gifting shares
- Legal essentials: Wills, Power of Attorney, trusts, and agreements
Without a clear plan, and with time critical legislative changes on the horizon, decisions may be made under pressure, with fewer options and greater financial and emotional cost.
Contact us to explore solutions and develop a strategy for succession planning. The CLA can help both members and family businesses protect their future, maintain family harmony, and make informed decisions with confidence.
Further information is also available from The CLA's Succession Planning Hub which can be found here.
