Choosing the right legal structure for your farm isn’t just about paperwork, it can affect your taxes, liability, succession planning, and even your eligibility for certain programs. In this article, How to Legally Structure Your Illinois Farm Business for Growth and Protection, we share the pros and cons of common farm business structures in Illinois so you can select the …
Oftentimes in a divorce or separation, people assume that assets need to be divided… but that isn’t *always* the case, especially with farm and ranch divorces. Read my Fact Sheet on Keeping the Farm Business Intact with the National Agriculture Law Center here. You can read all of the fact sheets on family law issues with agriculture here.
I just love it when my writing hits the press! And I especially love it when it combines my two passion areas — family law and agriculture law. I am honored to have authored the Fact Sheets on family law issues in agriculture with the National Agriculture Law Center. You can review them individually here or the packet here.
Most parties going through a divorce do not consider the option of keeping the farm business intact. Everyone’s brains (including the lawyers’) typically go to dividing the farm/ranch assets, along with its inventory. However, there is another option: keeping the business intact. This has several advantages, especially if this is a multi-generational farm family business. This requires careful planning and …