Farm loss more likely in separation if no other assets

One of the things many farmers are fearful of is that if they transfer the farm to their child and if that particular child’s marriage breaks down, what is the destiny of the farm in that situation. Is there a risk it will be passed to their child’s spouse, or sold?
Farm loss more likely in separation if no other assets

If no options are presented to the court by a separating couple, and there are no other assets, an order for part or all of a farm to be sold or transferred is more likely.
If no options are presented to the court by a separating couple, and there are no other assets, an order for part or all of a farm to be sold or transferred is more likely.

One of the things many farmers are fearful of is that if they transfer the farm to their child and if that particular child’s marriage breaks down, what is the destiny of the farm in that situation. Is there a risk it will be passed to their child’s spouse, or sold?

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