Estate Planning, Business Structures and Succession
Every farming family is unique. When it comes to planning for future generations, our Agriculture and Estates team has the experience to ensure your affairs are carefully and commercially secured in the way you need.
Planning for future farming generations
We work with farming families, farming businesses, estates and private landowners to advise on the transfer of assets down to the next generation in a way that preserves the farm and the farming business.
Our service covers:
- Preparing wills and advising on inheritance tax
- Preparing trusts, including those involving land
- Advising on business structures such as partnerships, companies and being a sole trader
- Preparing corporate documentation such as incorporation documentation and shareholder agreements
- Preparing and advising on partnership agreements
- Advising on Agricultural Holdings Act (AHA) tenancies, including surrender and regrant.
A true understanding of the unique nature of rural business
As specialists in the agricultural sector, our advice is given with a true understanding of farming businesses and the family dynamics that underpin them. We are comfortable advising on diversification, the separation of assets to provide for non-farming children, and the need to keep the farm together so it continues as a viable business.
We’re familiar with working in cooperation with your other advisors, including accountants, surveyors and agents to ensure you get a holistic picture. We can also draw on the expertise of colleagues in the wider firm when required. Our role is always to do whatever’s needed to help you secure successful succession.
Services from our Agriculture and Estates team
Hear what our clients say about us
Recognition of our work
Client story
When a farming family wanted to bring their children into the farming partnership, they turned to the Estate Planning, Business Structures and Succession team for help and assistance with updating their partnership deed.
The team also assisted in updating the family’s wills, and along with their accountants reviewed their inheritance tax position. This review ultimately resulted in the decision to enlarge their farming operations – the team subsequently acted on the purchase of a neighbouring farm, with bank borrowing, to grow the farming enterprise and provide a business which would support the enlarged number of partners and their families going forward.
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