Farm Succession Questionnaire

Murray Nankivell

Type: PDF
Knowledge level: Intermediate

Farm Table says:

A long list of questions to start extracting the information you need for the succession process, from both points of view - the current controllers of the farming business and the next generation.

The questionnaire that asks a different set of questions whether you are current controllers of the business or family members working in the business.

Some of the questions include:

  • Describe your role in the business.
  • Do you want to change these, and if so, in what way?
  • Do you currently have financial security?
  • Do you want to transfer general control of the farm to your children?
  • Do you want to affect a transfer, but retain some control?
  • How much would be reasonable to meet your needs in retirement?
  • If your parents are to “retire”, do you know the sources of their “retirement income”?
  • Have your parents communicated their estate planning intentions to you?
Australia - Murray Nankivell
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