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Divorce and the farm.
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sonic
Posted 5/21/2018 10:13 (#6771440 - in reply to #6771410)
Subject: RE: Divorce and the farm.


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?

 



Edited by sonic 5/21/2018 10:14
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