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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 2021

On part one of the 2021 Transferring the Family Farm clinic, which took place on Wednesday, 6 October, Clare O’Keeffe from Succession Ireland spoke about how using a mediator can help farming families put together a successful succession plan in place. Emma Fogarty Teagasc Solicitor spoke of the importance of writing a will and the role of executors.

Watch Part One below

Online Clinic 6th October
Presentations:

Transferring the Family Farm Online Clinic - Part Two

On part two of the Transferring the Family Farm clinic, Deborah Dwyer from the Citizens Information Board made two presentations, firstly looking at the Nursing Home Support Scheme (Fair Deal) and secondly she discussed the state Pensions (contributory and non-contributory).

Watch Part Two below

Online Clinic 13th October
Presentations:


Transferring the Family Farm Clinics 2020

An online event on Transferring the Family Farm took place on 17th November 2020.

Presentations:

This webinar was chaired by Fintan Phelan, Head of the Farm Management Department in Teagasc. 

Panellists included:

Click on the images below to download a copy of the Farm Succession & Transfer Guide or A Guide to Transferring the Family Farm or contact your local Teagasc offices for a hard copy. 

      

Other Resources

Succession Ireland   
Personal Affairs Checklist by Charted Accountants of Ireland (pdf)