What has to be valued, and how
A farm estate's schedule of assets runs well beyond the land: the holding itself with a professional agricultural valuation, growing crops and stock valued at realistic mart figures, machinery, entitlements under the current schemes, co-op shares, milk supply arrangements, forestry, and frequently money owed in both directions within the family. Valuation matters twice over: it fixes the figures in the SA.2 and it sets the baseline for every later question, from equalising benefits between children to defending a section 117 claim. Undervaluing to keep figures low is a false economy that surfaces later; the tax consequences of estate values are a matter on which specialist tax advice should be obtained.
The farming successor
Most farm wills leave the land to the child who farms, with money or sites for the others, and most farm estates administer that plan without difficulty. The strain arises where the plan was left incomplete: the successor worked the farm for twenty years but the will was never updated; the land was promised but the promise was never documented; the non-farming children's legacies exceed the cash the estate holds. Irish law gives the worked-but-undocumented successor real remedies, principally proprietary estoppel, where a promise, reliance and detriment can be proved, but litigation between siblings over the home place is a grim way to resolve what a two-page codicil would have settled. Early, honest family engagement, with the figures on the table, resolves most of these estates without proceedings.
Running the farm during administration
Land and stock do not pause for the Probate Office. The personal representative must decide, quickly, who farms in the interim and on what terms: the successor continuing under an acknowledged arrangement, land let for a season, stock sold down to a maintainable level. Each choice should be documented, because interim arrangements have a way of hardening into claimed entitlements, and expenditure on the farm during administration must be accounted for to beneficiaries who may already be suspicious. Insurance, herd registration and scheme compliance all need active management in the personal representative's name.
Selling land out of an estate
Where the will directs a sale, where debts require one, or where intestacy leaves no other way to divide value, the personal representative sells as legal owner. Estate sales of farmland have their own texture: family members frequently wish to buy, which demands scrupulous process, open marketing or independent valuation, to protect the personal representative from later allegations of undervalue; out-farms may sell separately from the platform; and title defects accumulated over generations surface at contract stage. Sequencing the sale against the administration's cash needs, and against any contested claims, is part of the strategy rather than an afterthought.
Frequently asked questions
The farm was promised to me and I worked it for years, but the will says otherwise or there is no will. Have I any claim?
Possibly. Proprietary estoppel can protect a person who worked land in reliance on a clear promise to their detriment, and section 117 may assist a child in appropriate cases. These claims are fact-heavy and time-sensitive, and advice should be taken before the estate is administered.
Who looks after the farm while probate is pending?
The personal representative is responsible and should put documented interim arrangements in place quickly: who farms, on what terms, insured in whose name. Informal drift is the source of many later disputes.
Do entitlements and stock go through probate?
Yes. Scheme entitlements, stock, machinery and co-op shares are estate assets to be valued in the SA.2 and dealt with under the grant like everything else.
To discuss a matter in confidence, contact Richard O'Shea at Mary Molloy Solicitors, 2 Rose Inn Street, Kilkenny. Arrange a consultation. This page is general information, not legal advice.
Further reading on this topic
- The Farming Heir and Section 117: When the Other Children Test the Will
- Selling Land Out of an Estate: The Personal Representative as Vendor
- Entitlements, Stock and Machinery in Probate: The Farm Assets Beyond the Land