A recent illness of a family member reminded me of the importance of having the right people in place in a time of crisis, especially in an agricultural context. As a lawyer it has been my unfortunate experience to observe the results of a lack of planning.
The March 2018 edition of Better Farming contained an article with contributions from Brimage lawyers Robert Fuller and Cyrus Muller. It is about farmers covering all their bases before hiring.
The administration of the estate of a deceased farmer can raise some unique issues which require special attention and consideration. Unlike the passing of someone with passive assets, a farmer’s death often comes with a host of immediate problems, especially if the death occurs during a busy season or to a livestock operation.
Robert Fuller weighs in on the steep penalties unprepared farmer executors could face when dealing with the new Estate Administration Tax.
Ontario Grain Farmer Magazine interviews Brimage lawyer Robert Fuller for great advice on agriculture business succession and what pitfalls to avoid.
As farming gets more complex, what if you fear your children aren’t suited to be successors to your farm?
If you are considering purchasing a farm property or if you are in the midst of a farm purchase you should be aware that a lower “farm lands property class” tax assessment enjoyed by the current owner may not be transferrable to you as a purchaser unless certain formalities are observed.