• Business Management

    Business Clinic: Should I use a trust to bequeath farm?

    Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Chris Thorpe of Moore Scarrott advises on how trusts can protect assets and in some cases save tax. Q I’ve read that trusts could be a useful way of leaving the farm to my grandchildren on my death – is that true? A: In a word, yes. However, it’s not just in death that trusts can be useful. If you own a non-farming asset (a rental property for example) and wished to gift it to a family member now, it would  

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