A sensible step
Agricultural families frequently span many historic generations. As a result, it’s common for property and assets to be handed down to the next generation within the farming family. These transfers are a common feature, supported by expert advice from accountants and lawyers. However, families do need to consider what will happen to transferred agricultural assets if marriages within the next generation fail. As always, it is prudent to consider a pre- or postnuptial agreement…
A prenuptial agreement is entered into at least 28 days before the marriage, while a post nuptial agreement is entered into after the marriage has taken place. Both agreements set out what you would want to happen to your assets, pensions and income in the event of divorce or dissolution. It is a proactive measure that allows you and your partner to define your financial expectations and protect what matters most to you and your farming family.
While prenuptial and postnuptial agreements are not automatically binding, they are increasingly common for those wishing to safeguard assets and achieve financial certainty in the event of separation. Courts are more likely to respect the terms of a nuptial agreement if certain guidelines are followed. Our team of well-recognised experts are able to advise you regarding these guidelines, ensuring that your interests and assets are protected with comprehensive and expertly crafted nuptial agreements.
How we help
Our specialist agricultural team has significant experience negotiating and drafting complicated prenuptial and postnuptial agreements specifically designed to protect farming assets and finances. We can provide specialist advice on these sensitive issues to fit your individual situation and meet your objectives, including in-depth preparation of prenuptial and postnuptial agreements, to ensure the agreement is fair.
We’re committed to guiding you through the complexities of prenuptial and postnuptial agreements in a supportive and transparent manner. And we’ll explain all legal terms and implications, ensuring that you fully understand the agreement and the protection it provides.
Contact us today to learn more about how we can help with a prenuptial or postnuptial agreement, tailored to your unique needs as a farming family.