St. Charles, IL Lawyers for Farm Ownership in Divorce
Kane County Attorneys Helping Clients in Elburn, Barrington, Geneva, and the Surrounding Areas
A divorce can be extremely complicated for a wide variety of reasons. Some couples may have parental responsibility or parenting time concerns while others may have significant financial holdings. Though each marriage and divorce situation is unique and will present the couple with certain obstacles to overcome, those who own and operate family or commercial farms often encounter unique challenges of their own. At Bochte, Kuzniar & Navigato, P.C., we are sensitive to the needs of farm owners and the challenges they may encounter in divorce.
During a divorce in Illinois, the law requires all marital property to be allocated equitably between the parties. While such a concept may seem simple enough, considerations often become complicated when the marital estate includes a farm or agricultural interests held by either spouse. Our experienced attorneys have the knowledge and skill to assist you in preparing for the difficulties of divorce before the proceedings ever get underway.
Options for Your Farm in Divorce
When divorce becomes imminent, preventive action is no longer possible. You still, however, have a number of options available to you in protecting your farm and maintaining control of your agricultural interests. The first step is to establish an accurate value for your farm and related investments, including futures and projected earnings.
We will work with you, and employ any necessary financial and industry professionals in ensuring that proper valuation is determined. Then, with the help of our skilled attorneys, you and your spouse may be able to negotiate a property agreement with possible options, including a buyout of your spouse’s interests, either through a one-time purchase agreement or a structured settlement over time.
Experienced Illinois Divorce Attorneys
For more than 40 years, our law firm has been helping clients reach amicable or negotiated resolution to their most complex divorce disagreements. When such a resolution is not possible, we are prepared to take your farm ownership matter into the courtroom as well. With our experience and knowledge of the law, we will be able to assist you in protecting both your personal rights and your business interests throughout every step of the process.
To schedule a free initial consultation with the helpful team at Bochte, Kuzniar & Navigato, P.C., contact our office today. We are proud to offer legal services to clients around Elburn, Barrington, Geneva, Kane County, DuPage County, Kendall County, and DeKalb County. Call 630-377-7770 to put our experience to work for your family.