Dan Michigan - 5/21/2018 07:46
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.
What can he do to keep his farm?
He can choose which farm he wants to call “his farm” and keep that one and give her other ones, or go get a really big loan and pay her off.
The judge won’t care what your friend says about what the wife did or didn’t do for the farm during the marriage.
Divorce and the farm.
