Food and Agricultural Law Blog

Farm Succession Planning Checklist: What to Gather Before Meeting With an Attorney begins with a simple task: write down what makes the farm run. That includes more than the land. Equipment may belong to a business, acreage may be leased, and a loan may depend on the current owner’s involvement. Your attorney needs to see those pieces together to help ... Read More The post Farm Succession Planning Checklist: What to Gather Before Meeting With an Attorney appeared first on Rincker Law, PLLC.

How far before the wedding should Illinois farmers start a prenup? Early enough for both people to understand the farm’s finances, discuss what they want the agreement to accomplish, and review its terms without a wedding deadline hanging over them. A farm prenup may involve land, business ownership, family expectations, and a future inheritance. Those questions can take time to sort ... Read More The post How Far Before the Wedding Should Illinois Farmers Start a Prenup? appeared first on Rincker Law, PLLC.

Already married and own a farm? Can an Illinois postnuptial agreement help clarify how farmland, farm business interests, or future investments may be treated if the marriage ends? It may be worth discussing with an attorney, but a postnuptial agreement is not a guaranteed shield for the farm. Its terms, the circumstances surrounding its preparation, and how it fits with ... Read More The post Already Married and Own a Farm? Can an Illinois Postnuptial Agreement Help? appeared first on Rincker Law, PLLC.

Who inherits the family farm in Illinois when one child farms and the others don’t? The child who works the land does not automatically inherit it. Without a plan, Illinois inheritance law may determine who receives an interest in the farm, while leaving the family to sort out who will operate it. That can be difficult when one child’s livelihood ... Read More The post Who Inherits the Family Farm in Illinois When One Child Farms and the Others Don’t? appeared first on Rincker Law, PLLC.

Can a prenup protect a family farm in Illinois? It can help a couple clarify what will happen to farmland and farm business interests during their marriage and if the marriage ends. For a family planning to pass the farm to the next generation, those expectations matter. The agreement should also fit with the farm’s business documents and the family’s ... Read More The post Can a Prenup Protect a Family Farm in Illinois? appeared first on Rincker Law, PLLC.