Agricultural inheritance and succession planning

Inheritance and succession planning

Approach

We understand that rural and farming businesses are unique when it comes to succession planning.

We ensure that your personal, family’s and business’ circumstances are all taken into consideration and guide you through the complexities, ensuring that your assets pass to your chosen beneficiaries, whilst taking advantage of the various tax issues and reliefs available to you.

Several of our wills and succession planning solicitors are members of the Society of Trust and Estate Practitioners (STEP), which is international recognition of their knowledge and expertise of helping families plan for their futures.

Inheritance and succession planning

Experience

Our agricultural private client solicitors have been working with and protecting the interests of farming families, landowners and business owners for decades, regularly supporting them with all aspects of inheritance and estate succession planning, including:

drafting wills and trusts tailored for farming and agricultural businesses;
inheritance tax advice;
lasting powers of attorney for farmers and business owners; and
estate administration involving claims for agricultural property relief and business property relief.

We specialise in wills, trusts, estate and inheritance tax planning and estate administration, which often involves negotiating with HMRC for agricultural property relief and business property relief. We also have extensive experience in advising on the transfer of farming and business assets between generations, recognising the importance of working quickly and efficiently to minimise any stress and worry during what can be a difficult and emotional time.

We also have a particularly strong reputation for advising on multi-million-pound estates and complex trusts, often involving extensive businesses with agricultural assets that include farms, farming partnerships and land.