Date of this Version
Groskopf, J. “What Happens to Your Farm or Ranch if You Become Disabled?” CAP Series 23-1202, Center for Agricultural Profitability, University of Nebraska-Lincoln, Dec. 11, 2023. DOI: 10.32873/unl.dc.cap024.
Estate and transition planning often focuses on what happens to the farm or ranch at the death of a key person. However, a good estate and transition plan should also include contingencies for disability. Planning for a disability is not an easy task because the severity and duration of the disability are unknown. This article offers some key items to have in place to protect you and your operation from disability.