Minimising the impact of divorce on a farming business – Do not be tempted to dispose of assets
19th June 2015
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.
A common trap is the temptation to dispose of assets pending a divorce. These transactions can be unraveled by the court and will often create mistrust, which in turn can significantly increase the length of time your divorce takes. Delays in your divorce settlement only prolong the uncertainty in your business.
At Ansons Solicitors, our agricultural law team has experts in:
- company and commercial law;
- commercial property;
- tax planning and trusts;
- wills and probate;
- dispute resolution; and
- environmental and planning.
For more advice on divorce and financial settlements, contact Laura Lambert in the Cannock office on 01543 431 996 or email llambert@ansonsllp.com or Susan Davies at the Lichfield office on 01543 267 190 or email sdavies@ansonsllp.com.
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.
