Protecting a farming family estate for future generations

Having acted for three generations of the same farming family, planning was necessary to review and update the existing structure as well as formalise the business arrangements within the family so that it can pass smoothly down the generations.

Taking steps to direct how the business would pass down gave the family an opportunity to consider the needs of future generations and, through active planning, they were able to ensure that grandchildren and future beneficiaries would be well provided for.

With the assistance of our dedicated agricultural and commercial teams, we were able to formalise and update the structure of the family business so that the estate operated in the most tax efficient manner as possible and would attract the maximum tax reliefs and exemptions.

With detailed knowledge of the family estate and history, we were able to respond quickly to their needs, drawing upon the expertise of a number of teams across the firm as necessary.