Best thing to do is consult a lawyer. Having said that I would incorporate the farm as a business (if not already done) and isolate assets such as the house and personal vehicles outside the business. Go as far as having the house and the lot it sits on surveyed and deeded away from the farm and its buildings. Worst thing to do is be stubborn and not do a thing because "you should'nt have to bend" or "I'll kick their tail" if somebody tries to take something in a lawsuit. Neither strategy works when things wind up in court. Not fool proof anymore as the lawyers have gotten better at breaking down the barriers between personal assets and business assets. I don't hear the praises sung about LLC's like there used to be.
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Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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