Is a house in CA sheltered from a personal lawsuit?

[scaredyclassic]

i’ve always thought that was sneaky of FL to have that unlimited personal exemption. A Place to go and hide large amounts of cash in bloated estates. part of the general floridian land scamminess.

[Doooh]

We can always relie on SV to have the ins and outs and the details down.

So, Florida is the key. I guess you can be made to sell the property or forfit it to satisfy a judgement if you own in CA? Not so much of the shelter I was looking for.

[Doooh]

We can always relie on SV to have the ins and outs and the details down.

So, Florida is the key. I guess you can be made to sell the property or forfit it to satisfy a judgement if you own in CA? Not so much of the shelter I was looking for.

[Doooh]

We can always relie on SV to have the ins and outs and the details down.

So, Florida is the key. I guess you can be made to sell the property or forfit it to satisfy a judgement if you own in CA? Not so much of the shelter I was looking for.

[Doooh]

We can always relie on SV to have the ins and outs and the details down.

So, Florida is the key. I guess you can be made to sell the property or forfit it to satisfy a judgement if you own in CA? Not so much of the shelter I was looking for.

[Doooh]

We can always relie on SV to have the ins and outs and the details down.

So, Florida is the key. I guess you can be made to sell the property or forfit it to satisfy a judgement if you own in CA? Not so much of the shelter I was looking for.

[jpinpb]

So I have a question. If you set up a trust, can the trust shield you from a judgement from lawsuit/liens?

[jpinpb]

So I have a question. If you set up a trust, can the trust shield you from a judgement from lawsuit/liens?

[jpinpb]

So I have a question. If you set up a trust, can the trust shield you from a judgement from lawsuit/liens?

[jpinpb]

So I have a question. If you set up a trust, can the trust shield you from a judgement from lawsuit/liens?

[jpinpb]

So I have a question. If you set up a trust, can the trust shield you from a judgement from lawsuit/liens?

[carli]

Okay, I’m confused…unless you commit some sort of OJ-style crime or do some other atrocious thing that is clearly your fault (such as driving while under the influence and ending up killing someone in a car accident), why else would a person need to declare bankruptcy and have to worry about sheltering assets? Unless we’re talking about bankruptcy due to investments gone bad, but I thought the concern was about worst case/liability issues, not investments gone bad?

Doooh, doesn’t a PEL policy address the concern? Or is there some potentially risky scenario about which I should have been worried all these years, but have remained blissfully ignorant?

Maybe this is more for all the legal experts out there – I thought that with a PEL, as long as you remain crime-free, you’ll be covered…no?

[carli]

Okay, I’m confused…unless you commit some sort of OJ-style crime or do some other atrocious thing that is clearly your fault (such as driving while under the influence and ending up killing someone in a car accident), why else would a person need to declare bankruptcy and have to worry about sheltering assets? Unless we’re talking about bankruptcy due to investments gone bad, but I thought the concern was about worst case/liability issues, not investments gone bad?

Doooh, doesn’t a PEL policy address the concern? Or is there some potentially risky scenario about which I should have been worried all these years, but have remained blissfully ignorant?

Maybe this is more for all the legal experts out there – I thought that with a PEL, as long as you remain crime-free, you’ll be covered…no?

[carli]

Okay, I’m confused…unless you commit some sort of OJ-style crime or do some other atrocious thing that is clearly your fault (such as driving while under the influence and ending up killing someone in a car accident), why else would a person need to declare bankruptcy and have to worry about sheltering assets? Unless we’re talking about bankruptcy due to investments gone bad, but I thought the concern was about worst case/liability issues, not investments gone bad?

Doooh, doesn’t a PEL policy address the concern? Or is there some potentially risky scenario about which I should have been worried all these years, but have remained blissfully ignorant?

Maybe this is more for all the legal experts out there – I thought that with a PEL, as long as you remain crime-free, you’ll be covered…no?

[carli]

Okay, I’m confused…unless you commit some sort of OJ-style crime or do some other atrocious thing that is clearly your fault (such as driving while under the influence and ending up killing someone in a car accident), why else would a person need to declare bankruptcy and have to worry about sheltering assets? Unless we’re talking about bankruptcy due to investments gone bad, but I thought the concern was about worst case/liability issues, not investments gone bad?

Doooh, doesn’t a PEL policy address the concern? Or is there some potentially risky scenario about which I should have been worried all these years, but have remained blissfully ignorant?

Maybe this is more for all the legal experts out there – I thought that with a PEL, as long as you remain crime-free, you’ll be covered…no?

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