Farm and Ranch Divorces

SKU: 61980.02

Representing a farm or ranch client with agricultural assets in divorce proceedings can raise unique issues. This paper reviews some of those issues and provides information about divorces on the family farm or ranch, including considerations for whether it is an individual or corporate operation. The paper includes a discussion of land value determination, and reviews factors that can affect the value of the land. Other issues that can arise when dealing with farm and ranch divorces, such as leases, machinery and equipment, inventory, and exemptions are also discussed. Additionally, tips for reaching settlement are provided. A summary checklist for dealing with agricultural operations in divorce proceedings is also included.

This paper is part of a collection presented at LESA’s Advanced Matrimonial Property program in Calgary on January 6, 2016 and in Edmonton on January 12, 2016.

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