Monitor Farm Scotland has released a new video around succession planning; helping families to approach difficult decisions and to raise awareness of legal rights.
Based on real-world and practical scenarios, the play was staged three times earlier this year and is now available to watch online.
Professionals in the 35min film, introduced by Monitor Farm Scotland, include Petra Grunenberg, solicitor and rural team partner at Shepherd and Wedderburn and a rural law accredited specialist; Graham Leith, chartered accountant with Johnston Carmichael; plus Rona Jordan, agricultural business manager with Virgin Money.
Jenn Stewart, partner and head of rural at Johnston Carmichael said: “The film gives the opportunity to see the issues that arise when considering a succession plan, acted out in a family setting.”
Shepherd and Wedderburn’s Petra Grunenberg added: “The aim was to allow real time questions and answers in a less formal setting. This will hopefully make it easier to relate to the subjects being discussed, which are often sensitive issues to deal with.”
Rona Jordan from Virgin Money said: “Role playing brought the issues to life more vividly and made the process more real, rather than technical and abstract. It gives an idea of some of the day-to-day conversations we have with our faming clients and the various scenarios to be considered.”
The meeting also saw Johnston Carmichael’s private tax team give a topical update, summarising key areas relevant to succession. This is also available to watch below.