Owning vacant land or farmland might seem like a low-risk venture, but unexpected legal issues can arise. This blog post delves into the importance of asset protection for such properties and the options available to landowners.

Vacant Land: Not as Safe as You Think

While it might seem unlikely for a vacant property to lead to lawsuits, it’s not unheard of. Imagine a scenario where someone trespasses on your vacant land and encounters a hazardous condition, like falling into a hole. In such cases, the trespasser can sue the landowner, making them personally liable. Even though the chances might be slimmer compared to properties with tenants, the risks are real.

Real-life Consequences

There have been instances where tragedies occurred on vacant properties. For instance, a child once wandered onto a vacant property and tragically drowned in a pond. The property owners faced a lawsuit for not posting warning signs or taking measures to prevent such accidents. Such situations underscore the importance of taking precautions to protect oneself from potential legal repercussions.

Insurance: A Double-Edged Sword

One way to ensure asset protection is through insurance. While insurance can offer peace of mind, it’s essential to remember that insurance companies are businesses. They often collect premiums but might be hesitant or refuse to pay out claims. It’s not always a guarantee that they’ll pay when you expect them to.

Legal Structures: A Reliable Safety Net

Another effective way to safeguard your assets is by setting up legal structures like LLCs or land trusts. These structures provide personal liability protection. In the unfortunate event of an accident on your property, these structures ensure that any claims are limited to the insurance policies in place. Crucially, they protect your personal assets, such as bank accounts, investment accounts, and other properties, from being targeted.

Moreover, for properties that are not your primary residence (homestead), it’s advisable to use these legal structures. And for your homestead, coordinating it with a trust can help avoid probate issues.


While vacant and farmland properties might seem low-risk, unexpected legal challenges can arise. It’s crucial for landowners to consider asset protection measures, whether through insurance or legal structures, to safeguard their assets and ensure peace of mind. If you’re unsure about the best way to protect your property or assets, don’t leave it to chance.

Contact us to schedule your free consultation. Our team can guide you through the best legal structures and strategies tailored to your unique situation. Secure your future and your peace of mind today.