Diversification and Estate Planning

Land Change of Use

“This difficult family matter was handled with sensitivity, compassion and professionalism.  The support was invaluable in every way.” Kevin Chapman, North Yorkshire

Farmers and landowners are facing more challenges than ever when it comes to ensuring the sustainability of their business and maintaining agricultural and rural assets for the next generation.

With diminishing returns from more traditional agriculture, many farmers and landowners are considering opportunities for diversification. JWK’s Agricultural and Rural Law Team understand that choosing a new direction for your farm can be a daunting prospect for you and your family. We can advise on opportunities for diversification to maximize income generation from land and asset holdings and provide guidance on legal issues associated with proposed ventures.

These factors can also have a profound effect on succession and capital taxation, particularly inheritance tax. Our specialist team can provide the advice you need to pass assets to the next generation with maximum tax-efficiency on death or retirement. A well-drafted will is essential but many situations also require more complex structures and considerations. Drawing on our in-depth understanding of family farms and estates, we will work with you and your other specialist advisors to mitigate inheritance tax consequences and ensure the safe delivery of assets to those you wish to benefit.

JWK Solicitors can help you with:

  • Wills
  • Trusts
  • Succession Planning
  • Lifetime Gifts
  • Partnerships
  • Tax Mitigation
  • Alternative business structures, joint ventures and share farming
  • Diversification Schemes
  • Land Use and Planning

With offices in Lancaster and Morecambe, JWK Solicitors are ideally placed to support farmers and landowners across the North West.

JWK can help you. Get in touch today

Do you have a question or would you simply like some more information? You can contact JWK Solicitors on 01524 598300 between 9am to 5pm every weekday or use our enquiry form.