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<blockquote data-quote="The Agrarian" data-source="post: 5606384" data-attributes="member: 3656"><p>But is the market value of that asset to be realised? Hard to tell what lies possibly far into the future. </p><p></p><p>If no children wish to actually make a livelihood out of it, then it's going to come to an end anyway, and splitting seems fair. </p><p></p><p>But if you have a child who you believe is genuinely going to make it his or her livelihood, especially if they have the possibility of passing it on to their child who may do the same, then you are not in practice handing over a million quid. It's a collection of fields with which to generate an income - which quite possibly would not match the income and lifestyle of the children earning off farm. In some cases it can be an expensive millstone. </p><p></p><p>Leave your house and cash to the others and they will be better off than the one who got the farm and never realised the selling price of it.</p></blockquote><p></p>
[QUOTE="The Agrarian, post: 5606384, member: 3656"] But is the market value of that asset to be realised? Hard to tell what lies possibly far into the future. If no children wish to actually make a livelihood out of it, then it's going to come to an end anyway, and splitting seems fair. But if you have a child who you believe is genuinely going to make it his or her livelihood, especially if they have the possibility of passing it on to their child who may do the same, then you are not in practice handing over a million quid. It's a collection of fields with which to generate an income - which quite possibly would not match the income and lifestyle of the children earning off farm. In some cases it can be an expensive millstone. Leave your house and cash to the others and they will be better off than the one who got the farm and never realised the selling price of it. [/QUOTE]
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