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Legal Agreements

What happens if you don’t have a will - by province

https://www.fcc-fac.ca/en/knowledge/dont-have-a-will-by-province.html

If a farmer dies without a will, knowing the nuances of provincial estate law regulations can save survivors money.

Step 2: Assessing transition readiness

https://www.fcc-fac.ca/en/knowledge/assessing-transition-readiness.html

Are you transition ready? Here are three categories to help you assess where you’re at and if you’re ready for the next step.

Using legal agreements

https://www.fcc-fac.ca/en/knowledge/using-legal-agreements.html

Legal agreements are important, but rarely used on the farm. In this episode, we explore why you need them, which ones to consider and why a handshake is not enough.

Three strategies to minimize litigation risk

https://www.fcc-fac.ca/en/knowledge/three-strategies-to-minimize-litigation-risk.html

Litigation can ruin a farm business, and, with incidents on the rise, agricultural lawyers say there are ways farmers can better protect themselves from legal action.

Farm litigation rates are on the rise

https://www.fcc-fac.ca/en/knowledge/farm-litigation-rates-are-on-the-rise.html

Litigation rates involving farms are on the rise according to agricultural law experts – and not just because of estate and succession conflicts.

Protect your operation – put it in writing

https://www.fcc-fac.ca/en/knowledge/protect-your-operation-put-it-in-writing.html

Discussing prenuptial agreements and other legal formalities might cause some to squirm, but advisers say they’re a good way to help protect the longevity of a farm business.

Understand the benefits of long-term land leases

https://www.fcc-fac.ca/en/knowledge/understand-the-benefits-of-long-term-land-leases.html

Long-term land leases have both positives and negatives for landlords and renters, experts say, and it's important all parties know the possibilities before reaching an agreement.

Make death and divorce part of your transition conversation

https://www.fcc-fac.ca/en/knowledge/make-death-and-divorce-part-of-your-transition-conversation.html

As uncomfortable as we are talking about death and divorce, avoiding the conversations can have a devastating financial effect on a farm business.

Can the farm survive a divorce?

https://www.fcc-fac.ca/en/knowledge/can-the-farm-survive-a-divorce.html

In this BDO case study, we look at the impact of divorce on a farm transition.

How written agreements can save farm families

https://www.fcc-fac.ca/en/knowledge/how-written-agreements-can-save-farm-families.html

If farm enterprises aren't properly structured with written agreements or business decisions are neglected, the human and financial costs can be extremely high.