Succession & Inheritance
Transferring the family farm is so much more than just a simple business transaction; there are a number of complex issues to be addressed including:
- The family home is normally inseparable from the business.
- A number of family members/ siblings/ children to be catered for fairly
- If the transfer is during the owner’s lifetime, the owner will require an income, as well as possibly the recipient depending on the circumstances.
- Creating an arrangement that can provide a solution for the different opinions of the family members involved the discussion
Transferring the Family Farm Clinics 2019
Teagasc invite all farm families to their hugely popular series of 'Transferring the Family Farm' clinics designed to enlighten & educate you on the many details involved in creating an effective plan for succession.
Clinics will begin at 10.30am at each venue. Clinics will commence with a talk from a farm succession expert and will then break up into the one-to-one clinic format.
Attendance free of charge | Pre-booking is essential
The Farm Succession and Transfer Guide is available to download here and from local Teagasc offices
Other information on the guide (PDF)
Teagasc Guide to Transferring the Family Farm (PDF)
Lessons from Teagasc’s farm succession clinic
Article: How to take the stress out of land succession
Other Resources
Personal Affairs Checklist by Charted Accountants of Ireland (pdf)