Divorce and the Family Farm
We appreciate that farming is distinct to most other businesses. We are very aware...Back to News and Events
We appreciate that farming is distinct to most other businesses. We are very aware that farming is a way of life and not just a business. The long hours, social isolation and volatility in the industry can understandably place significant pressure on the family unit.
Farming divorces are also notoriously difficult cases to resolve. As opposed to most divorces, divorces involving the family farm require a more imaginative and flexible approach in order to achieve a successful and fair outcome.
In a worst-case scenario, a divorce can lead to the end of the business and sale of land/property in order to meet the spouse’s needs. That’s why we at Poole Alcock have lawyers that specialise in farming divorces. We understand that farming divorces are complex and require specialist knowledge and understanding. Having quality legal advice may very well save you time and money in the long term.
There are ways in which the often far-reaching consequences of a divorce on the family farm can be lessened. Pre-nuptial Agreements can serve as an effective way of protecting the agricultural business and other assets acquired prior to marriage.
Effective planning using a Pre-nuptial Agreement as a business tool can determine how assets can be divided if a divorce is necessary for the future, thus helping to avoid a potential for there to be a tangled and messy divorce.
Our specialist family lawyers go to great lengths to ensure that the terms of the Pre-Nuptial agreement are sufficiently robust to be upheld by a Court.