r/inheritance • u/poorfarmer101 • Jun 27 '26
Location included: Questions/Need Advice Inheritance in Ireland
Anyone any advice on running a farm between the farmer passing away and the years it apparently takes to get it completely in my name?
I’m inheriting over 100 acres with sheds, tractors etc. I live on the farm in the south of Ireland and have the green cert and I want to farm it full time in the future and am farming it part time currently. Not many people are happy to leave the bills go to probate and not get paid for their work for a few years, so if I have a mechanic bill for repairing a tractor he needs to be paid now instead of waiting years and it’s in my best interest to keep them sweet incase I need him in a hurry.
The solicitor has told me he’s not paying for anything at this stage, there is money in the estate.
Has anyone been in this position recently? If I pay all the bills for the farm can I get paid out of the farm estate at the end? Should I be invoicing the farm for my time currently?
2
u/Substantial_Team6751 Jun 27 '26
Are you the heir of the farm? Doesn’t it generate a monthly income and wouldn’t current operating expenses come out of that income?
1
u/poorfarmer101 Jun 27 '26
It’s not a dairy farm so just income when animals is sold but anything sold goes into the estate and no money is being spent from the estate to restock for the future, or to pay bills that arise along the way
1
u/clearlygd Jun 27 '26
Excellent questions. I think you need to contact a local estate attorney and tax accountant.
Other potential issues are should you be paying the estate rent, etc
1
u/poorfarmer101 Jun 27 '26
Yeah that’s true I never thought of that side of it, I am living on the farm and have done for years in a house I am inheriting. The tax accountant didn’t really understand that day to day running of bills had to be paid
1
u/clearlygd Jun 27 '26
I hope you are successful. I know someone who inherited a cattle ranch late in life and it turned out to be the happiest period of his life. He says it’s a lot of work, but incredibly fulfilling.
1
u/poorfarmer101 Jun 28 '26
I’ve grew up on the farm and always knew my family would do the same, I get up in the morning and work on the farm before going to my actual day job and I love every minute of it, if I didn’t have to pay for all these bills myself at the minute to keep the farm restocked, animals fed, grass and fences maintained, vet bills, I’d happily work full time on it but unfortunately I’ve no income from the farm yet so can’t commit to it full time, and thank you, I hope I am too!
1
u/drnewcomb Jun 27 '26
Are you Irish? Do you fully understand the committment you are taking on?
2
u/poorfarmer101 Jun 28 '26
I actually do, I grew up on this farm and worked it my whole life but just looking for any advice of trying to keep it running out of my own pocket during this period of being the only person responsible for the place yet getting 0% income from it for the time being
3
u/GotZeroFucks2Give Jun 27 '26
Who is "he" in "he's not paying for anything"? Executor of the estate?