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Farm Prenup Template for United States

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Key Requirements PROMPT example:

Farm Prenup

"I need a Farm Prenup to protect my 500-acre family dairy farm in Wisconsin, which includes significant equipment and livestock, as I'm getting married in March 2025 and want to ensure the farm stays in my family regardless of what happens in the marriage."

Document background
The Farm Prenup has become increasingly important in the United States agricultural sector as farm operations become more complex and valuable. This specialized prenuptial agreement is designed to protect agricultural assets, ensure operational continuity, and provide clarity regarding farm management and succession. It's particularly crucial when one party brings significant farm assets into a marriage or when family farming heritage is involved. The Farm Prenup typically includes provisions for property classification, operational control, income distribution, debt allocation, and succession planning, while complying with both federal agricultural regulations and state-specific marriage laws.
Suggested Sections

1. Parties: Identification of both parties entering into the prenuptial agreement

2. Background: Context about the farm, existing assets, and reason for the agreement

3. Definitions: Key terms used throughout the agreement

4. Farm Property Classification: Detailed classification of separate and marital property related to the farm

5. Farm Operations: Management rights and responsibilities during marriage

6. Income Distribution: How farm income will be classified and distributed

7. Debt Allocation: Treatment of existing and future farm-related debts

Optional Sections

1. Business Succession: Plans for farm succession if applicable - use when there are children or designated successors

2. Death Provisions: Special provisions for farm operation upon death - use when specific post-death arrangements are needed

3. Off-Farm Income: Treatment of non-farm income - use when either party has significant non-farm income

4. Future Acquisitions: Treatment of future farm property acquisitions - use when farm expansion is anticipated

Suggested Schedules

1. Schedule A - Farm Asset Inventory: Detailed listing of all farm assets including land, equipment, and livestock

2. Schedule B - Farm Valuation: Current valuation of farm assets and business

3. Schedule C - Outstanding Debts: List of all farm-related debts and obligations

4. Schedule D - Government Programs: List of participation in federal or state agricultural programs

5. Appendix A - Farm Business Documents: Copies of relevant business formation documents, permits, and licenses

6. Appendix B - Property Maps: Maps and surveys of farm property

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Industries

State-Specific Laws: Core state legislation governing prenuptial agreements, agricultural property, inheritance, property division, and agricultural preservation regulations specific to the state where the farm is located

Federal Agricultural Laws: Federal regulations including Farm Bill provisions, USDA regulations, federal subsidy program rules, and farm credit/loan regulations that impact farm operations and ownership

Family Law: Legal framework including the Uniform Premarital Agreement Act (where applicable), state-specific marriage and divorce laws, and community property vs. equitable distribution rules

Property Laws: Regulations governing real estate, water rights, mineral rights, and equipment/livestock ownership as they pertain to agricultural properties

Business Law: Legal requirements for business entities including LLC/Corporation regulations, partnership laws, and business succession rules if the farm is incorporated

Tax Considerations: Tax-related legislation including federal estate tax laws, state inheritance tax laws, agricultural tax provisions, and capital gains considerations for farm assets

Estate Planning Components: Legal framework for inheritance rights, succession planning, and trust laws as they relate to agricultural property and family farms

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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