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Divorce and the farm.
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DaveMk
Posted 5/21/2018 11:31 (#6771564 - 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. 

 

 

What can he do to keep his farm?

 





Sell the farm and move on. He is going to waste money with a lawyer.
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