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ARTICLE · 24 APRIL 2024

Communication is key with succession

The best way to minimise being caught in a negative situation is to talk about the issues as early on in the piece as possible.

AustraliaFamily and Matrimonial

I read with interest last week's Stock Journal article on Gillian Fennell and her new podcast, in which she intends to explore succession in the agricultural industry.

Succession and succession planning are interesting issues and something we deal with on a regular basis. There's a broad spectrum regarding how well it is dealt with, ranging from really well to situations where there are some serious issues and struggles to work through.

In my experience one of the main issues is a lack of discussion about the topic. Similar to discussions about someone's Will and what will happen when he or she passes away, succession is often treated as a taboo topic that shouldn't be spoken about.

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