If the future SIL will not talk to you now she sure will later when "she" wants "her" share of the goods. I hate to say this but you need to separate the partnership YESTERDAY!!!!! One way to do this is to put an agreed value on all the joint owned equipment. Then trade assets to get a split that you all three agree with.
The two of you can still farm together but with clear separation of ownership on crops and equipment. AN example would be that you own the planter and he owns the field cultivator. He pays you for planting and you pay him for tillage work.
You could incorporate but if you do it would need to be more than an LLC. It would need to be a more formal corporation. Then this opens up a lot of tax questions.
The first thing I would do is talk PRIVATELY with him about his new engagement. HE is riding a HIGH of emotions right now. HE is all happy about this engagement. HE will be hard pressed to understand your concerns but you need to do it now not later.
Truthfully I do not hold much hope for your farming together for long if one spouse does not get along with the other partners. Your brother's new intended will have more sway than you do very shortly. She will control all his love life and half his money. You will control what??? ZERO!!!!
My closest brother and I worked together for over 40 years on different farming things. We bought equipment together and jointly rented ground together. HE remarried 5 years ago. His new wife was jealous of our relationship. Over a two year period she drove a wedge between he and I. She finally convinced him I was taking "advantage of him" for asking for his share of a repair bill on a join owned combine. She would even check his cell phone records to see if he talked to me and then raise cane with him if he had talked to me. So he quit talking to me. We have not spoken to each other privately for 4 years. We talk at family functions but that is it. She has to be right there even then. I once asked her if she went to the bathroom with him too. I was luck enought that we where basically on equal terms as far as valve on some items. So he took the combine and I took the planter an baler. We no longer had any joint debts.
So I have been in good and bad partnerships. The newer ones we have the percentage of ownership in writing for every single piece of equipment. No land jointly owned. I did buy a farm with the oldest son 7 years ago. We split it at the road. We farm it as a unit but the land has two separate plots and owners on record.
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