I am sorry to hear that your marriage fell apart. The bad news for you is that she will get half of everything you both have. Unless you has a bunch of the assets before you where married and have a prenuptial agreement. Your more than likely like the rest of us started out with very little and built it over time.
The sad thing is that these high land and equipment prices are putting pressure on marriages the other way. A farmer is always asset rich and cash poor. So the wife sees the value of the land/equipment wrote down on a financial statement. That looks real attractive compared to living on a smaller yearly income.
May people look at this land value boom like they hit the lotto. I know of two different farmers hit with the sell or divorce you threat. Lucky the one was 6-7 years ago. He got to make $100,000 a year payments to her for 15 years. He is half way there. He is 60 years old and looking at 8-9 years of more payments. So he basically is going to hit retirement with ZERO cash. I am not sure he made the right choice. If land values fall he may have way less than what he had to pay her. He might have been better off to sold enough to paid her off then and had the time with these higher prices to recover some assets. Now he may have paid her off just in time to sell it all for his retirement.
Here are some general thing I would do:
1) Do not get all slick and try to hide assets. A good judge will figure it out real fast and they may really hammer you for it. Play it straight.
2) Get the best/crookedest lawyer you can afford. DO not go with the local guy that you had do your will, estate and tax stuff. He is too nice a fellow. You need someone that does divorces only and is willing to get nasty about it. Your not looking for a poker buddy. You are looking for a junk yard dog that will howl at the moon when her lawyer comes after you. The best divorce lawyers I have ever met made you want to wash your hand after you shook their's. I will bet you that your wife will be coming after you with a lawyer that will want half plus more. So you need a good lawyer to defend yourself.
IF your wife was disrespecting you before this, that is a good indicator of how the divorce will go. It will not be smooth. She will escalate the disrespect to all new levels. She will feel that she "deserves" more because she put up with you for all these years.
I feel for the pain you will be going through. It will be hard to keep your sanity a times while this is going on.
Here is a funny thought. You may have to change your YT handle to 4425 when this is over. LOL.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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