Our agricultural solicitors can help you plan for the future through their expertise in wills and succession planning.

Without a will the estate will be dealt with under the rules of intestacy. What you have worked for and built up during your life may not end up with the people you wish it to.

Unless you plan carefully for the succession of your farm or business, your family may find that they do not benefit fully from the inheritance tax reliefs available and end up paying out more tax than is necessary. Ultimately this could impact on your agricultural and business assets.

Although your farming business may qualify for agricultural and business tax reliefs, farmers cannot rely on simply passing assets to the next generation tax-free. Sadly, it is often only when the family are administering a farmer’s estate that they are faced with dealing with the tax, claiming reliefs and sorting out the division of the farm to family members. Where there are disputes within the family this can create delays and extra expense at an already difficult time.

How our agricultural wills and succession planning solicitors  can help

We have a specialist team who can help you to plan how your farm and business will be dealt with. We can advise on how you can apply the tax reliefs and what exemptions are available. We also help families deal with the complexities of an estate administration following a death.

• Succession planning advice for your farm and business
• Drafting a will which is specific to your agriculture business
• Advice on how diversifying the farm activities may affect agricultural property relief
• Trust advice
• Advising farmers when they need help dealing with their finances, and putting Lasting Power of Attorney in place
• Guiding the family when a farmer needs to go into care and how this is paid for
• Sorting out the farm when the farmer dies, and applying for agricultural and business property reliefs