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Farm Business
Agricultural Matters
Planning for retirement of partners in the partnership
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<blockquote data-quote="milkloss" data-source="post: 3584276" data-attributes="member: 56"><p>A few things to establish I think:</p><p>When are they going to retire? What will they do? Will they die with their 'boots on' and if they retire do they want money or will have money when/if they need care. Pensions the farm has paid for? Will they move house and leave with a spare one on the farm (iht) and are the other house part of the business (bpr)?</p><p></p><p>Sorry, it can all get a bit morbid but forewarned is forearmed as they say!</p></blockquote><p></p>
[QUOTE="milkloss, post: 3584276, member: 56"] A few things to establish I think: When are they going to retire? What will they do? Will they die with their 'boots on' and if they retire do they want money or will have money when/if they need care. Pensions the farm has paid for? Will they move house and leave with a spare one on the farm (iht) and are the other house part of the business (bpr)? Sorry, it can all get a bit morbid but forewarned is forearmed as they say! [/QUOTE]
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Farm Business
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Planning for retirement of partners in the partnership
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