There are opportunities for estate planning for farming clients (if they can be persuaded to pay for it).
The RNRB has been a hot topic for the last 12 months, but this webinar looks at in the context of farming families together with other issues of relevance to will drafting and estate planning. In this webinar, our expert, Lesley King, considers:
Overview of the RNRB and the consequence for those with high value farm properties
Planning opportunities, including lifetime transfers
Partnerships and companies:
What happens on death? Are provisions clear?
Who owns the assets? Lessons from Ham v Bell
Getting APR on a farmhouse:
Is it a farmhouse?
The problems for elderly farmers: are share farming and contract the answer?
Is it character-appropriate?
Redundant farm buildings:
Are they occupied for the purposes of agriculture?