Protecting the Farm on Breakdown of Marriage
Clearly, when parties marry, they hope to stay together ‘til death do they part. However, that is regrettably not always the case. In more than 40% of marriages, the parties will separate.
It is therefore prudent to consider ways in which assets, and in particular the farm, can be protected in the unfortunate event of the breakdown of a marriage.
One such way is for the parties to enter into a financial agreement (commonly known as a pre-nuptial agreement) prior to their marriage.