It seems that no one here ever did anything stupid when they were young. A bunch of choirboys!
A one million dollar umbrella policy is cheap. Probably less than 200 bucks on top of your homeowners or farm insurance. It's cheap because insurance companies almost never have to pay off on it, but if they do the payout could save you from bankruptcy.
Contrary to popular opinion, putting your farm or business in a subchapter S corp or limited liability company doesn't mean a plaintiff can't come after it. A corporation or LLC is an asset, and the court can force it to be sold to pay a judgement, just like they can make you turn over your stocks and bonds.
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Today's Featured Article - Self-Starting Tractor - McCormick 10-20 - by Francis J. Robinson. I remember it very clearly even though it was almost 50 years ago and I was only about seven years old. My Dad had purchased a new Ford-Ferguson tractor and basic set of implements when he started farming just about the beginning of W.W.II. It was considered a pretty nice outfit for their 70 acre central Indiana grain and livestock farm. Dad spent several years during the war testing aircraft engines at Allison Engineering in Indianapolis working seven days a week on a twelve hour night sh
... [Read Article]
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