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Minehead Solicitors

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Farming Estate Succession planning

Farming Estate Succession planning

Maitland Walker has an established reputation for assisting our farming clients with their estate succession planning.
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The process of passing on a farming business to the next generation can be complex.

How the farm is held, the structure of the associated business, whether there are children or other family members already involved in the business and how those no involved can be provided for in a way that does not undermine the continuity of the business are all likely to be important issues requiring careful consideration before any decisions are made about the best way to proceed. 

The associated tax position also need to be carefully assessed to help ensure that the strategies adopted maximise the availability of valuable tax reliefs.

Obtaining advice from professionals with specific knowledge of this field at an early stage is, therefore, important to help ensure that the correct steps are taken and that you are your family understand the implications of the decisions that are made. It also reduces the risk of misunderstandings or disputes later.

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Key contact
See how we can help
you. Contact Ben Simpson

Partner

Ben Simpson is a partner and head of Maitland Walker's trust, wills and estates team. He joined the firm in 2006 and was made a partner in 2016.
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