“My parents recently transferred the home farm to me. I am married and we have small children. I have been meaning to have a will drawn up but I do not know where to even start. Have you any advice on the matter?”

At the outset, it is important to highlight the unfavourable situation which may arise if you do not make a will. If you leave a spouse and children surviving, your spouse inherits two-thirds of all your assets and one-third goes to your children equally. If you have children but no spouse (if your spouse predeceased you), your entire estate will automatically be divided up among all your children. This may create legal and tax complications down the line, if all the children cannot agree on how the land is to be farmed as each would have an equal share in the ownership of the farm.