Who inherits the family farm in Illinois when one child farms and the others don’t? The child who works the land does not automatically inherit it. Without a plan, Illinois inheritance law may determine who receives an interest in the farm, while leaving the family to sort out who will operate it. That can be difficult when one child’s livelihood …
If you own agricultural land in Central Illinois, you may be asking yourself: What Happens to the Family Farm If There’s No Succession Plan? This is one of the most important legal questions facing multi-generational farm families today. It is also the exact reason Preserving the Farm Legacy℠ matters. For families in Champaign, Shelbyville, Springfield, Decatur, and throughout Central Illinois, …
Divorce is never easy, and when a farm is involved, things get a lot more complicated. In this blog, Divorce and the Family Farm in Illinois: What Every Spouse Should Know, we explain how agricultural assets are treated during divorce in Illinois, how to protect your family’s legacy, and why working with a lawyer who understands both divorce and farm …