Podcast: “Giving Away the Farm” – Complexities of Agricultural Property Settlements
Determining how assets should be divided between a separating couple is difficult enough, but even more so for those in agriculture, aquaculture, the wine industry and other primary industries.
Business structures are often complex, climate and market factors have a significant impact, while many couples are often “asset rich yet cash poor” or reliant on their property as their sole source of income.
For some, the family farm has been passed down through generations and it is not just the separating couple who has an interest in it.
TGB family and divorce lawyers Melanie Tilmouth and Diana Dichiera talk to Surviving Separation about the challenges of agricultural property settlements, tips and traps, and what action can be taken to simplify the process.
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