Does Divorce Threaten Ranchers?
Divorce is undoubtedly a heart-wrenching experience. With the involvement of livestock and ranch, it becomes extra complicated than it is already. Whether you own the ranch for livelihood or pleasure, get yourself an experienced divorce lawyer for ranchers if you are going through such a situation.
The first materialistic question that pops in the head of a rancher is that what will happen to the farm. This question arises because running a farm or ranch requires a high association of the spouse daily. As running a farm is not an easy job, the chores are usually divided between the couple. For instance, one can take care of the finances and shopping, and the other can maintain and take care of the cattle.
This division of responsibility develops a sense of longingness. Thus, one spouse might claim their right over the ranch. However, things can become extra tricky if there are customers involved. It is often seen that the rancher gives the responsibility of dealing with customers to his spouse with excellent people skills.
As a result, customers are more loyal to her. This kind of situation can make divorce for ranchers tricky business. However, Calgary has some best divorce lawyers for ranchers, and that can bring you some ease.
What Kind of Options Do Ranchers Have Who Are Divorcing?
As divorce for ranchers can be a little more tricky than usual, here are few options they can consider.
- Keeping things amicable: Try to settle things outside of court if possible. If your lawyer has immense experience with farm divorces, he will try to solve the matter in Alternative dispute resolution. In this way, things will get less messy, and it will come to an end quickly.
- Know your loops: All the assets that are involved in your farm are not necessarily yours only. If your farm is a family property or inheritance, your spouse will not get a part of it quickly.
However, in this case, things get uglier. No one wants to give up on the chance of having an asset.
- Fair division and equal division are not the same: when it comes to ranchers’ divorce, judges don’t jump to conclusions like dividing the assets equally. Dividing assets might be harmful to the farming business. Thus, judges often decide to keep the lands and assets with the original owner. However, the other partner receives a portion of the income from the part. Sometimes, it might sound unjustified, but it is ultimately the best option.
- Be transparent: Ranchers think that if they don’t disclose how much they own, they can save themselves some treasure. They are very wrong to think like that. It is best to share every financial detail with your divorce lawyer beforehand. In this way, many unpleasant experiences are avoided. When your lawyer knows exactly how much you own and how much is at stake, he will develop a plan beneficial for you.
- Form a team: Apart from your divorce lawyer, in this situation, there are other experts from whom you will need help—for instance, your accountant and land attorney. Discuss your situation with them and gather their experiences.
- Check your pocket: In the rush of protecting our assets, we might sometimes become stubborn and do irrational things. There is no need to mention that the legal costs are enormous. Thus, share all your information with your lawyer so that he can proceed with the work quickly. Leave the decision-making part in your lawyer’s hand because your mind might be clouded with emotions in this type of situation.
Should Ranchers Get a Prenuptial Agreement?
Generally, prenups are not accepted nicely by people. However, a prenup is like coverage for people from certain work lines. No one buys a car hoping that it will be in a crash. Still, they get insurance. A prenuptial is just like that. It will provide you some financial safety in case your marriage does not work.
Another common belief about prenups is it is only for wealthy people. However, it is for anyone with any assets. Besides, farmers, ranchers, food business owners must do it. In this way, your rules will be stated clearly. If someone has an issue with any of the rules, you will know about it before getting married.
Prenups will give protection to all your nonmarital properties. You have owned properties before marriage, and the properties you have registered just under your name even after marriage. The marital and shared property will go through divisions, and nothing can stop that. Thus, it is better to have your farm on a nonmarital asset.
Why Family Lawyers of Calgary?
As you can see, the whole process is quite tricky. It would help if you were not taking any chances. If you are going through a farm divorce, then hire an excellent farmers’ divorce lawyer. Don’t look anywhere else other than Calgary if you are living in Alberta.
Farming is massive in Calgary. Thus the number of lawyers experienced in farmers/ranchers divorce is huge in Calgary. Experience matters in this kind of case. That is because these cases can take interesting turns. It is easier for someone who has seen it all.
If you are in Alberta and you are facing any such problems, contact Family Lawyer Calgary today. Being transparent and straightforward with your lawyer will save money and time. Stay informed; know all the loops you have.
Remember, whatever is thrown your way, you can always face it if you are well informed. Lastly and most importantly, try to deal with the divorce amicably. Proceeding in a friendly manner is the safest approach.