Sirs:
A friend of mines husband just informed her he wants a divorce and moved out of their house. He works on a large family farm that is owned by his parents. He states that she has no right to any value of the farm because he's not on the deed or an owner. It was just found out that he had to get a rather large life insurance policy along with his parents when they added another large barn. My take on that is that they had to do that with him because he must be on the note. Would this action link him as an owner of the farm? Thanks!
A friend of mines husband just informed her he wants a divorce and moved out of their house. He works on a large family farm that is owned by his parents. He states that she has no right to any value of the farm because he's not on the deed or an owner. It was just found out that he had to get a rather large life insurance policy along with his parents when they added another large barn. My take on that is that they had to do that with him because he must be on the note. Would this action link him as an owner of the farm? Thanks!