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One of our sons wants us to gift him part of our farm so he can buy a house in Dublin. Is this a bad idea?

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Could the bank take the land from him if he doesn’t pay his mortgage? Is this fair on our other two children? And what are the implications for our tenant?

Mary Frances Fahy says, ‘A transfer — unlike a will — is final: once done, there is no going back on it’. Photo: Brian Farrell

Query: We have three children and a good farm of land. We retired from farming a couple of years ago and the farm is rented out — we are two years into a seven-year lease and happy with our tenant.

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