Our agricultural solicitors have been advising farmers and farming families on all of their legal needs for 170 years given its position in the midst of prime agricultural land. In the 1950s, the firm formed a syndicate with a local agent, John Staite, to buy most of the land being sold by the Earl of Warwick with the purpose of selling farms & properties to their tenants. Our connections with the land remain as strong as ever.
We advise farmers and farming families on everything to do with their farm, their rural business and their own individual legal needs.
Wills and tax planning for farmers and their families
As a farmer you have worked hard to get where you are. Having worked hard you need to make appropriate plans to make sure your farm and your assets are protected and ensure it passes to your family and loved ones. We can help you put in place planning to protect your family, your assets and give you peace of mind that you have done the best for your nearest and dearest.
Farmers face unique problems when carrying out succession planning. We can advise you on the most appropriate will for your circumstances and help produce a tax efficient plan to ensure your assets pass to the correct individuals. Making appropriate plans is important to minimise any tax liabilities and reduce the risk of family disputes.
Alongside your will we can provide you with practical help on structuring your business to be tax efficient and provide a robust legal structure for your assets to be passed to your family. We can advice on:
- The best corporate structure – partnerships and limited companies
- Partnership and shareholder agreements
- Cross options
Agricultural land has its own unique tax structure and forms of tenancy. Making sure you have the correct arrangements in place is vital. We can advise on:
- Tenancies, share farming agreements and contract agreements
- Options and promotion agreements
If you have land with possible planning potential we can help you to maximise your return whilst minimising your tax liabilities
In today’s challenging world there are a number of circumstances which need to be considered when formulating your plans such as:
- Remarriage of your spouse or civil partner
- Minimising you Inheritance Tax and Capital Gains Tax liabilities
- Long term care fees
- Providing for a disabled beneficiary
- Passing large capital values to a vulnerable or financially irresponsible beneficiary
- Divorce or relationship breakdown
- Using your assets to benefit the next generation whilst retaining control of your assets
- Minimising the risk of future family disputes
There are several reasons a farmer might consider setting up a joint venture: a way to tap into more resource; a chance to get a foot on the farming ladder; or a way of navigating a potentially difficult period such as a death in the family.Read more
Forfeiture will, in certain circumstances, afford a landlord an opportunity to terminate their tenant’s tenancy and recover possession of their land.Read more
More and more proprietary estoppel cases have been featured in the media of late, often concerning farming families.Read more