The impact of divorce on any business can be significant, but in farming a divorce can have a crippling effect on the future viability of the farm.
In this series of blogs, Laura Lambert, family law solicitor at Ansons Solicitors advises on ways to limit the impact of divorce on your farming business.
Assembling a good team of advisors right from the start, will pay dividends. Practical and timely advice from an experienced team of solicitors, accountants and land agents is essential. Your legal team will need to include corporate, property, tax planning, and dispute experts. Be prepared to provide lots of information and obtain copies of important documents to help establish your case as quickly as possible.
You should also be willing to cooperate and listen to the advice given, even if it not what you want to hear. Acting on instructions from your team of advisors is usually the best way to a quicker and more cost-effective outcome.
The complex structure of farming businesses; including the partnership structure, the seasonal variations of farming, the timing of state subsidies, specialised agricultural tenancies and any contracting arrangements in place, requires specialist knowledge and legal advice.
At Ansons Solicitors, our agricultural law team has experts in:
For more advice on divorce and financial settlements, contact Laura Lambert in the Cannock office on 01543 431 996 or email email@example.com or Susan Davies at the Lichfield office on 01543 267 190 or email firstname.lastname@example.org.
This article is for general information purposes only and does not constitute legal or professional advice. It should not be used as a substitute for legal advice relating to your particular circumstances. Please note that the law may have changed since the date this article was published.