Succession and Inheritance

Transferring the family farm is so much more than just a simple business transaction; there are a number of complex issues to be addressed including:

• The family home is normally inseparable from the business.
• A number of family members/ siblings/ children to be catered for fairly
• If the transfer is during the owner’s lifetime, the owner will require an income, as well as possibly the recipient depending on the circumstances.
• Creating an arrangement that can provide a solution for the different opinions of the family members involved the discussion

Find out about our upcoming Transferring the Family Farm Clinics and view webinars from past events

Find out more at Generational Renewal Week here

Personal Affairs Checklist

Putting your affairs in order is a tedious task. There are an awful lot of things to consider. The process of writing a will and the decisions around it are important to us as we try to make sure our estate goes to where we want. As part of putting our affairs in order it is important to have a list of all of the items and information that is important to us in a safe place. The family that you leave behind when your death takes place will need to get access to a lot of different types of information so that your wishes can be carried out.

In general it might be obvious to the successor who the family solicitor and accountant are, but do they know where you have kept the family heirloom? The Institute of Chartered Accountants in Ireland produced a Personal Affairs Checklist to help you bring all your information together.

View the Personal Affairs Checklist here