Farm property transfers — implications for you

Q&A: Karen Walsh

She has compiled the following list of frequently asked questions which come from clients from farming backgrounds. This week’s questions are on farm property transfers.

¦ My son is thinking of getting married, and I want to help set him up, but I am concerned in case the marriage ends in divorce. If I transferred the farm to him and me in joint names, would the property be protected from a divorce settlement until I die, assuming I die first?