This episode guest of Beyond The Back Paddock Podcast is Dannielle Ford.
The podcast delves into one of those silent conversations, Succession Planning.
Dannielle is the Co-Owner and Chief Operations Officer of Cheney Suthers Lawyers, as well as a collaboratively trained lawyer specialising in succession, wills and estate planning and litigation, as well as commercial litigation and family law, but also wears many hats within family and community. With expertise in collaborative law, Dannielle specialises in resolving complex disputes efficiently while minimising unnecessary conflict. Recognising that not all matters can be resolved outside of Court, she is equally adept at advocating for her clients through litigation when required. Her commitment to empowering clients includes demystifying estate planning, offering practical legal solutions, and championing access to justice.
We explore the emotional and practical challenges that families face when discussing succession, the importance of community involvement, and the mental health implications of avoiding these conversations.
Dannielle shares insights on navigating family dynamics, the role of daughters in succession planning, and the impact of climate change on farming viability.
The conversation emphasises the need for collaboration among family members and external advisors to ensure a sustainable future for farming enterprises.
Takeaways:
- Succession planning is often avoided due to fear and discomfort.
- 99% of agricultural operations in Australia are family-owned, yet only 18% have a succession plan.
- Mental health is significantly impacted by uncertainty in succession planning.
- Family dynamics play a crucial role in the success of succession planning.
- Daughters and daughters-in-law should be included in succession discussions.
- Climate change is reshaping the future of farming and succession planning.
- Collaboration among family members and advisors is essential for effective succession planning.
- Starting the conversation about succession planning can be a gradual process.
- Communities rely on the viability of family farms for economic stability.
- Surrounding oneself with knowledgeable individuals can enhance decision-making.
https://www.linkedin.com/in/dannielle-ford-b278a1ba/
www.cheneysuthers.com.au
Subscribe to the podcast at www.beyondthebackpaddock.com.au
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