Running a farm is usually a family concern. Farms are passed down from generation to generation and it’s more than just an asset and an income, it’s a way of life.
Our Family law solicitors are highly experienced in helping families deal with the issues that come from a relationship breakdown. We help deal with the impact of family breakups on children and offer specialist advice on the financial implications of starting or ending a relationship, recognising the unique and often complex issues that farming families face under these circumstances.
We’re also here to help you plan your affairs strategically ahead of time, to avoid problems further down the line. Careful planning in advance is vital if you wish to protect your farming interests. We can help you safeguard assets and future income streams through the creation of a partnership agreement or family trust, taking full account of the specifics of your farming business and individual family circumstances.
Our lawyers are based in:
But we can help you wherever you are in England and Wales.
A farm that has been inherited by one spouse may be regarded by the court as a non-matrimonial asset, whereas land purchased by the spouses during their marriage could be considered a matrimonial asset. This can be an important distinction in determining whether assets are shared, say, equally or only to the extent necessary to meet needs. This is a complex matter and legal (and accountancy) advice should be sought.
The non-inheriting spouse may not be entitled to an equal share of the farm on divorce but their needs (and those of any minor children) must be met. They may need capital to house themselves (and any children who will not continue to live on the farm), plus income and pension provision.