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Commenting to the publication, Nazia said: “Such disputes have highlighted the risks that arise from lack of communication and documentation on the intention of farmers for their future generations and the succession of their farming businesses.
“One of the most common claims that arises is proprietary estoppel, which farming families are more susceptible to. This is due to the more informal nature of the running of the farm, relaxed and usually verbal partnership agreements and the unwritten expectation of some children of inheriting the family farm and/or business.”
In the article Nazia discusses the three key elements which must be satisfied to be successful in a proprietary estoppel claim and emphasises the importance in setting up Farming Partnership Agreements.
Read the full articles over on FarmingUK.com here.
If you have any enquiries or require any advice on succession planning and Farming Partnership Agreements then please contact our Contentious Probate team on 01484 558058 or email us at Nazia.Nawaz@Ramsdens.co.uk.