Doing it for the kids
Member
A lot of these comments are very true.
Farming is much harder than it was, more space is needed to secure the same income which makes it hard to split 'fairly'
What is 'fair'? The daughter who gets say a £500k house with a rental of £20 k per annum or a son who gets £1m of land with a rental value of say10k. Both can be sold, one is passive income, the other is damned hard work. (Figures for representation only!)
If both of my sprogs like farming then I am not sure how it will go. If one does and the other doesn't not then it's easy. One will get the land and enough cash to buy some kit, the other will get everything else. Splitting things up can kill it off.
Farming is much harder than it was, more space is needed to secure the same income which makes it hard to split 'fairly'
What is 'fair'? The daughter who gets say a £500k house with a rental of £20 k per annum or a son who gets £1m of land with a rental value of say10k. Both can be sold, one is passive income, the other is damned hard work. (Figures for representation only!)
If both of my sprogs like farming then I am not sure how it will go. If one does and the other doesn't not then it's easy. One will get the land and enough cash to buy some kit, the other will get everything else. Splitting things up can kill it off.