Transferring the farm – should I hold on to the house?
‘The primary consideration for most people is to ensure that their family home is theirs for as long as they want it to be’
‘The primary consideration for most people is to ensure that their family home is theirs for as long as they want it to be’. Photo: Getty
Transferring the family farm often involves a lot of difficult decisions, particularly where there is no obvious successor.
Add to the mix the head wrecking conundrum of how to deal with the farm dwelling, assuming it is your principal private dwelling. The considerations when it comes to the farm dwelling will more often than not be one or all of the following:
