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Farming Divorce

Farming businesses are often a family affair and they often involve complex ownerships. This can be cause of great concern should their be a break down of a relationship or divorce.

There is no specific law that relates to farming divorce, but the difference is that farms can include a lot more complicated issues which could effect how the assets of a marriage are divided, factors can include:

  • Liquidity: often assets held within a farm can be tied up
  • Farming families can be capital rich but income poor
  • Generational farms and inherited farms
  • Any impact upon third parties
  • Subsidies and other government support
  • Trusts and complex owner structure

The principles the Court will apply to the matter are needs and fairness. A farm owned by the wider family, with siblings and/or parents, will require careful thought as Courts are reluctant to damage the livelihoods of other third parties.

Inherited assets are often treated differently and are not subject to the sharing principle in the same way.

At Thursfields we understand the unique difficulties farming cases bring. We work with agricultural specialists so you get the right advice and strategy for your needs. We have extensive experience in dealing with these types of matters and our formidable lawyers can provide the high quality service needed to deal with these matters with the family perspective in mind.

06/10/2020

Thursfields backs call to support our sheep farmers | Agricultural Law

Thursfields Solicitors is backing a national campaign to persuade the Government to make better use of British wool. The National Sheep Association, which is based in Malvern, is promoting a petition which would make it mandatory to use British wool products in the New Home Insulation Scheme and for insulation and carpeting in publicly-financed building…

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KEY CONTACT

Shane Miller
Director and Head of Family Law Department

Shane specialises in complex financial disputes in divorce as well as complex children matters, living together agreements and pre/post nuptial agreements. She prides herself on delivering a first class service. Shane is an extremely competent lawyer who is client focused and personable. She offers high quality tailored advice to all clients and takes a robust…

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