Agricultural Property & Succession Planning

Agricultural property is not dealt with in the same way as other business or residential property when it comes to succession planning. The expert wills, trusts, estate and succession planning solicitors at JMW can help you to arrange your agricultural estate, ensuring that the future administration of your estate on your passing is smooth and unproblematic for your executors. They can also make sure that your estate passes to beneficiaries of your choosing.

Contact JMW today for help with any aspect of estate planning where agricultural property is involved. Call us on 0345 872 6666, or fill out an online enquiry form and we will return your contact at a time convenient for you.

Experienced Agricultural Property Succession Planning

Agricultural property can often be challenging to deal with and many executors of estates or trustees of trusts seek professional assistance. This difficulty is due to the inherent informality of agricultural property agreements and farming arrangements. Such circumstances can result in agricultural property being the subject of contentious disputes between loved ones at a time when litigation should be the last of a person’s worries.

The professional advisers at JMW can assist you with navigating such challenges by helping you to register your property and mitigate against the risk of a patron or employee of your farm, or a family member, making a claim against the agriculture property at hand.

We can also assist employees of farms in circumstances where they have been promised ownership of a property or an element of it, and that has not come to fruition. We will talk you through the different legal options available and advise you on the prospects of success of the same.

Our expert team will use its comprehensive and up-to-date understanding of UK tax laws to ensure that the passing on of your property is done in the most tax-efficient manner. By utilising the agricultural property relief from Inheritance Tax (IHT), we will ensure that your estate pays the correct amount of tax to HM Revenue and Customs (HMRC). Depending on the type of agricultural property concerned and what is it used for, other reliefs to IHT may be utilisable, including business property relief.

The estate planning solicitors at JMW understand that agricultural property is merely one asset within your estate, therefore, we will also be able to assist you with other aspects of succession planning, such as:

• Drafting wills
• Obtaining the grant of probate and administering an estate
• Creating, registering and administering trusts
• Providing advice with respect to potential wills disputes
• Specialist tax advice, including IHT, Capital Gains Tax and Income Tax

JMW is an all-service law firm that is able to cater for any legal matter a client may be faced with.

Why Choose JMW?

Due to our numerous successes in helping individuals secure their family's future through succession planning, JMW has been recognised as one of the UK's top firms by the Legal 500.

We pride ourselves on our ability to efficiently assist high-net-worth individuals with their succession planning queries, which are often complex and highly pressured. Our expert solicitors are experienced, level-headed and enthusiastic, and are ready to work closely with you. We can take on the bulk of your legal responsibility, allowing you to focus on other areas of your life without concern. We will maintain transparency with you throughout the process and guide you through everything you need to know with jargon-free, to-the-point language.