Dan Michigan - 5/21/2018 10:46
Guy I know, 59 getting divorced.
He has amassed approximately 700 tillable acres of owned land, and rents the rest.
The wife wants 50% of the assets, including the land and machinery or wants bought out for 50% of the value of the land at today's market price.
Obviously that cash doesn't exist in a savings account, she did nothing for the business during the marriage. not enough details. No one know the real story about the couples lives except the couple themselves. the 50% of value of the land doesn't sound like a bad deal. Can probably borrow against his share. I bet almost every one will side with guy without even knowing the situation.
What can he do to keep his farm?