May 2022 – Solving the sibling conundrum

“Fair doesn’t necessarily mean equal” is a phrase I find myself frequently using when discussing succession.

With the value of a farm usually intrinsically tied up in the assets required to run the business, any attempt to release capital by selling assets (in practise, often land) can sometimes undermine the business.

So a determination to pass equal sums to all of one’s children – laudable as it may be in principle – can end up destroying the commercial viability of the very business you also want to pass on intact.

Read the full article here……