Financial planning for agricultural businesses

In a slow economy and with the prospect of higher taxes, it’s vital to have a financial plan that will take care of your agricultural business after your death.

Taxes like estate duties and capital gains tax can have a significant impact on the cash flow of your business. If your assets are housed in trusts, these could also come under scrutiny from the authorities – transactions with trusts are challenged regularly.

Estate planning ensures you have adequate savings and insurance cover so your family isn’t under financial strain at a stressful and emotionally difficult time. 

If your wish is to keep the business in the family, you will need to arrange for this, too. Succession planning includes having an up-to-date will and a clear plan for who will own and run the business after your death.

Get expert advice from our professional teams

Standard Bank Financial Consultancy has a keen interest in the successful continuation of farming businesses. We can help you with all aspects of your estate and succession planning, including:

  • auditing your current estate plan
  • drawing up your will
  • mitigating risk on credit arrangements with  adequate life cover ,
  • taking care of your farm employees through our range of employee benefits
  • taking care of your retirement plan
  • facilitate the up and managing trusts, and
  • issuing insurance and investment policies.

Our team of specialists includes qualified financial advisors and estate planners.

Request a Call Back  or SMS ‘PLAN’ and your name to 31791 and we will contact you.

Standard SMS rates apply. Free and bundled SMSs do not apply.

Standard Bank Financial Consultancy is an authorised financial services provider FSP 3825.

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