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OPINION: Succession, security and trusts on the family farm

Roythornes Solicitors' Oscar Scotney writes on how trusts can be a great tool to help protect assets

clock 鈥� 3 min read
Oscar Scotney, associate at Roythornes Solicitors, said: "Succession and handover pose unique challenges. We are commonly faced with situations where one child wishes to continue farming, while others have different career ambitions. The solution is often facilitated by trusts."
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Oscar Scotney, associate at Roythornes Solicitors, said: "Succession and handover pose unique challenges. We are commonly faced with situations where one child wishes to continue farming, while others have different career ambitions. The solution is often facilitated by trusts."

For farming families, the current tax landscape probably feels as dependable as the weather and as complicated as today's subsidy system. The 鈥榳e will sort it out later' attitude is finally fading...

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