Owners of farm or ranch property are accustomed to assuming the risks associated with property ownership. Some of those risks are insurable including casualty loss to the property, crop loss and losses from tort liability. Some potential losses, although insurable, may exceed the limits of coverage and thus pose special planning problems.
"Asset Protection Trusts,"
Agricultural Law Digest: Vol. 8
, Article 1.
Available at: https://lib.dr.iastate.edu/aglawdigest/vol8/iss9/1