Blue Chip Finds Succession Planning Solution

Blue Chip Finds Succession Planning Solution

A new innovative financial solution which ensures farm ownership remains within the family is being launched at Fieldays, by Blue Chip New Zealand.

An explosion of the rural property market has made it almost impossible for the next generation to afford the family farm, says Blue Chip General Manager Jonathan Woodhams.

“We recognise the importance rural families place on their property and how for many it is more than just a business – it is also their lifestyle and in many cases a family legacy,” he says.

“Rural New Zealanders face a common dilemma where young people who want to take over the family farm are finding it difficult to afford the property, while parents cannot afford to gift it to children as the property represents their retirement security,” he says.

Blue Chip’s succession planning solution uses the equity from rural property and invests it in New Zealand’s fastest growing residential property market.

“Each family has different requirements depending on the number of children and the structure they want to set up, but all our clients have the same objective – to create long term wealth and financial security without having to sell the family farm,” he says.

“Our tailored solution enables children to purchase the family farm, giving their parents a retirement fund while providing the children with an additional property investment used to repay their mortgage and creating additional financial security for all family members,” he says.

Mr Woodhams says Blue Chip’s succession planning model is a new solution to an old problem.

“This is a fair and equitable solution which will provide a retirement fund, mortgage repayment method and the ability to ensure additional children receive their inheritance,” he says.

Blue Chip New Zealand is a profitable New Zealand company, listed on the New Zealand stock exchange, that is helping many New Zealanders realise their future goals through smart investments.

ENDS

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