The argument put forward by a farmer that he should retain the family farm after his divorce, because it had been in his family for generations and his wife was aware that it was the family tradition for it to be handed down from generation to generation, was given short shrift in the family court recently.
The farmer had wanted the value of the farm to be ‘ring-fenced’ and left out of the calculations for dividing the couple’s assets on divorce. However, the judge ruled that there was no legal authority for a division of assets on that basis.
The farmer’s ex-wife was awarded the family home, a lump sum of £1.5 million and annual maintenance payments of £44,000.
For for information on divorce and family property, click here.
'It's Been in the Family For Years' is No Argument
The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.
