Diversification and Estate Planning
“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:
- Succession Planning
- Lifetime Gifts
- Tax Mitigation
- Alternative business structures, joint ventures and share farming
- Diversification Schemes
- Land Use and Planning
With offices in Lancaster and Morecambe, and a new office recently opened within the J36 Auction Centre, near Kendal, JWK Solicitors are ideally placed to support farmers and landowners across the North West.
JWK can help you. Get in touch today
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Tony has worked at JWK Solicitors (and Whiteside and Knowles before the merger) since 1978 and is now Joint Head of the Private Client Department alongside Charles... Read more
Josie joined JWK in 2016. Josie completed her Law degree in Leeds and has recently completed the Legal Practice Course at University of Central Lancashire obtaining the... Read more
George has completed his training contract at JWK in October 2017 working at our Morecambe office in the Agriculture department supervised by Director Anthony Collinson and... Read more
Avelina specialises in agricultural and rural property work, acting for land owners, farmers, landed estates and charities. She is a Fellow of the Agricultural Law Association, of... Read more
The allowance was introduced in April last year and was set at £100,000. In April this year it...