Drafting Wills for Farmers - Top Tips & Pitfalls to Avoid
Introduction
Drafting wills for farmers and landowners presents unique challenges.
The farmer may have very fixed ideas on what should go to whom, or they may need advice on what can or cannot be achieved.
Often there is an obvious successor/inheritor, however, equally often, there are non-farming beneficiaries to consider.
What constitutes ‘the farm’ is not always obvious and the new rules on Agricultural Relief and Business Relief announced in the October 2024 Budget throw further challenges into the mix.
This short webinar will explore and address these key considerations.
It is suitable for practitioners involved in the drafting of wills who come across the occasional farming client as well as will drafters wishing to learn more about this area of work.
What You Will Learn
This webinar will cover the following:
- Getting to know the farmer and their business - getting under the ‘skin’ of things
- What constitutes ‘the farm’? Identifying ownership of the various assets
- The importance of collaboration with other professionals (land agent, accountant etc.)
- Inheritance tax efficiency - maximising reliefs post-April 2026
- Fairness between farming and non-farming beneficiaries
This pre-recorded webinar will be available to view from Tuesday 2nd December 2025
Alternatively, you can gain access to this webinar and 1,800+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.