{"id":3587,"date":"2016-02-08T01:47:45","date_gmt":"2016-02-08T07:47:45","guid":{"rendered":"http:\/\/agrilife.org\/texasaglaw\/?p=3587"},"modified":"2026-04-17T15:28:27","modified_gmt":"2026-04-17T20:28:27","slug":"just-time-valentines-day-farm-kids-need-pre-nup","status":"publish","type":"post","link":"https:\/\/agrilife.org\/texasaglaw\/2016\/02\/08\/just-time-valentines-day-farm-kids-need-pre-nup\/","title":{"rendered":"Just in Time for Valentine’s Day: Do Farm Kids Need a Pre-Nup?"},"content":{"rendered":"

Valentine’s Day is right around the corner (Sunday for those of you who are now in a panic realizing you have some shopping to do) and I thought that a nice romantic discussion\u00a0about prenuptial agreements would be a fitting way to celebrate the holiday.<\/p>\n

\"\"<\/a>

Photo via Britt Fisk Photography, Clayton, NM<\/p><\/div>\n

Oftentimes, people think of prenups being for rich celebrities with millions of dollars in the bank and marriages that seem destined to fail. \u00a0The sad truth, however, is that divorce can strike farm couples just like any other and when that happens, it can have huge impacts on the farming operation. \u00a0And while a prenup may not be the right tool for every operation, thinking through different options and making sure a plan is in place to protect the farm from unforeseen circumstances is extremely important.<\/p>\n

Prenups and Farm Kids<\/strong><\/p>\n

Fortunately for\u00a0us, two of my friends have\u00a0great information to share on the topic of prenups and farm kids.<\/p>\n

First up, Clinton Griffiths with Ag Day, recently did a story on his television show asking whether farm kids need a prenup. \u00a0To view Clinton’s news story, click here<\/a>.<\/p>\n

Second, Cari Rincker is an agricultural law attorney and Texas A&M University alum in New York City. \u00a0She frequently works on prenuptial agreements for her clients and has written extensively on this topic. \u00a0To read her post on reasons why prenups are romantic, click here.<\/a>\u00a0 For those of you who have already said “I do,” a post-nuptial\u00a0agreement could be an option. \u00a0To read Cari’s article about this topic, click here<\/a>.<\/p>\n

Key Takeaway Point<\/strong><\/p>\n

In my \u00a0mind, the key take home point for folks on this topic is that it is critical to think through how a marriage, divorce, or death\u00a0could impact the farm or ranch business. \u00a0There is no one-size-fits-all answer for how best to protect the operation. \u00a0Differences in family dynamics, state laws, and financial situations should all be taken into account when determining the best approach for your farm. \u00a0It may be that a prenup will assist with that goal, it may be a solid succession and estate plan will help, it could be that selecting the right business entity and ownership structure will cover all bases.<\/p>\n

The bottom line is that\u00a0we must think through these issues, discuss them with our families, and seek advice from our\u00a0\u00a0accountants, financial advisers, and attorneys. \u00a0Families work too hard and invest far too much time, money, blood, sweat and tears not to ensure their operation is protected from unforeseen events in the future.<\/p>\n

With that, I wish you all a very Happy Valentine’s Day this weekend!<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Valentine’s Day is right around the corner (Sunday for those of you who are now in a panic realizing you have some shopping to do) and I thought that a nice romantic discussion\u00a0about prenuptial agreements would be a fitting way to celebrate the holiday. Oftentimes, people think of prenups being for rich celebrities with millions of dollars in the bank and marriages that seem destined to fail. \u00a0The sad truth, however, is that divorce can strike farm couples just like any other and when that happens, it can… Read More →<\/a><\/span><\/p>\n","protected":false},"author":2444,"featured_media":3726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-3587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-estate-planning"],"acf":[],"yoast_head":"\nJust in Time for Valentine's Day: Do Farm Kids Need a Pre-Nup? - Texas Agriculture Law<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/agrilife.org\/texasaglaw\/2016\/02\/08\/just-time-valentines-day-farm-kids-need-pre-nup\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Just in Time for Valentine's Day: Do Farm Kids Need a Pre-Nup? - Texas Agriculture Law\" \/>\n<meta property=\"og:description\" content=\"Valentine’s Day is right around the corner (Sunday for those of you who are now in a panic realizing you have some shopping to do) and I thought that a nice romantic discussion\u00a0about prenuptial agreements would be a fitting way to celebrate the holiday. 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