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
Teagasc Launches Guide to Farm Succession and Transfer
The Farm Succession and Transfer Guide is available from the local Teagasc office
Other information on the guide (PDF)
Teagasc Guide to Transferring the Family Farm (2015) (PDF)
Teagasc Farm Transfer Clinics 2015 (PDF)
Lessons from Teagasc’s farm succession clinic
Article: How to take the stress out of land succession