If you are thinking about selling or transferring your farm, there is much to consider and many important decisions to make. Our team of tax, accounting, and financial planning experts can help you sort through the options to create a plan that is the best fit for your family.

Plan for your family's future Farm succession is the transfer or sale of a farm business to a new owner or the next family generation. A detailed plan will help you deal with issues such as: Labour Management Decision-making Ownership

How Allied Can Help

At Allied we believe succession planning is:

• A process --- rather than an event
• About preserving relationships and finding fair solutions
• Driven by family wants, values and concerns
• Developing ownership and management strategies --- not just saving taxes

Take a closer look at your situation ... You will benefit from a succession plan if:

• You wish to retire soon
• Health challenges may limit your ability to continue to farm
• Your family has farmed together for 10 years or more
• At least one child is actively involved in your farm
• Your children work on the farm but are uncertain about their career paths

By working together on a succession plan we can help tackle challenging issues so you feel in control of your retirement plans. As well, your children will have a clear understanding of how their talents are to be utilized and how they will be rewarded.

Pursue Your Options

The sooner you start planning, the more options there are available to you. Our Allied professionals will help you create a succession plan that is as unique as your family. The transition from active farming to retirement means different things to different people. You may be wondering:

• Is it possible to treat all the children fairly?
• How will we finance our retirement?
• Will we transfer or sell our farm?
• If we transfer to our children, will we continue to be involved? In what way?
• Where will everyone live?
• Are the successors willing and ready to take on new responsibilities?

We will come right to your door to learn what is important to you and to learn about your business operations. For more than 50 years, farm families have trusted our knowledge and advice. Contact us so we can begin the process of helping you answer the question - who will look after the farm when we retire?