NI: Free booklet sets out law on farm succession planning

NI: Free booklet sets out law on farm succession planning

A new free booklet on farm succession planning has been published by JPH Law Solicitors.

The firm, which has four offices across counties Down and Armagh, has produced the Guide to Farm Succession Planning to help family-owned farms put a succession plan in place.

The booklet contains tips and guidance on passing on the family business and important factors to consider when planning for the future.

it is based on the firm’s experience of working with the business and farming community over a long period of time and overseeing the smooth transition from one generation to the next.

JPH Law director Kate Ervine said: “Whether you are at retirement stage or not, this is an important area that in some cases requires years of planning and consideration with proper advice and guidance.

“There are important tax issues to consider. Properly drafted agreements create a clear business structure and avoid damaging family disputes.”

A free booklet is available by contacting Ms Ervine on kate@jphlaw.co.uk or 02838333333.

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