AgTalk Home
AgTalk Home
Search Forums | Classifieds (41) | Skins | Language
You are logged in as a guest. ( logon | register )

Liability of a trust owning land?
View previous thread :: View next thread
   Forums List -> AgTalk CafeMessage format
 
Old Pokey
Posted 6/27/2017 17:23 (#6092845)
Subject: Liability of a trust owning land?


 So it has come up in conversation about what the liabilities would be, physical liability in land ownership, with a trust owning the land even though the trustees own the trust?

 It has been said that the trust must carry a landowner liability policy as it is the owner of the assets. The individuals that are trustees, can also insure personally to a point, but the trust itself must purchase and hold a liability policy to protect itself. Others say no, the trustees cover the trust as far as physical liability.

 So which is it? Does the trust need it's own coverage in case someone trespasses and gets hurt even without gross negligence on the land owner's part? I think it does, but we cant seem to get the same answer twice around here locally.

Top of the page Bottom of the page


Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)