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1st May 2019

Farmers Weekly Business Clinic: Funding care and farming partnership assets

Will using assets to pay for care home fees affect a farm’s future?

A mother and her son are partners in a farming business. Over the years, the son has made a significant contribution to the business by farming the land, as well as investing his money, time and expertise.

With the mother suffering from Alzheimer’s disease, the cost of care and the future of the farming partnership is brought into question. Will the farming assets be used to fund the cost of her care?

In this month’s Business Clinic, partner Mike Westbrook and solicitor Jack Rogers discuss the assessment of financial resources for funding care and how farming assets are treated in the assessment by the local authority.

Click here to read the full article in Farmers Weekly.

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