Own a house outright

[dwh92563]

Need some help here. I have been looking into what to do with a place we own outright. I want to protect it from lawsuits, creditors, and the unforseen. Some have said put a homestead and some have said open a trust and put it in that.So, I turn to the pigs….I think this is my first post, but have been reading and enjoying the site for a long time. Thanks for the insight.

[bearishgurl]

Depending on your status and age you can obtain up to a $125,000 homestead exemption just by filing a Homestead Declaration and paying the filing fee. I don’t believe putting the property into a personal trust would help you in this regard because it’s still you and the trustee(s) are individuals who could be judgment debtors.

See: http://www.bayconsumerlaw.com/California_Homestead_Exemption.php

Calling all Pigg attys . . . SK, PG, pablo? Any help here??

-This post should not be construed as legal advice and I am not an attorney-

[bearishgurl]

Depending on your status and age you can obtain up to a $125,000 homestead exemption just by filing a Homestead Declaration and paying the filing fee. I don’t believe putting the property into a personal trust would help you in this regard because it’s still you and the trustee(s) are individuals who could be judgment debtors.

See: http://www.bayconsumerlaw.com/California_Homestead_Exemption.php

Calling all Pigg attys . . . SK, PG, pablo? Any help here??

-This post should not be construed as legal advice and I am not an attorney-

[bearishgurl]

Depending on your status and age you can obtain up to a $125,000 homestead exemption just by filing a Homestead Declaration and paying the filing fee. I don’t believe putting the property into a personal trust would help you in this regard because it’s still you and the trustee(s) are individuals who could be judgment debtors.

See: http://www.bayconsumerlaw.com/California_Homestead_Exemption.php

Calling all Pigg attys . . . SK, PG, pablo? Any help here??

-This post should not be construed as legal advice and I am not an attorney-

[bearishgurl]

Depending on your status and age you can obtain up to a $125,000 homestead exemption just by filing a Homestead Declaration and paying the filing fee. I don’t believe putting the property into a personal trust would help you in this regard because it’s still you and the trustee(s) are individuals who could be judgment debtors.

See: http://www.bayconsumerlaw.com/California_Homestead_Exemption.php

Calling all Pigg attys . . . SK, PG, pablo? Any help here??

-This post should not be construed as legal advice and I am not an attorney-

[bearishgurl]

Depending on your status and age you can obtain up to a $125,000 homestead exemption just by filing a Homestead Declaration and paying the filing fee. I don’t believe putting the property into a personal trust would help you in this regard because it’s still you and the trustee(s) are individuals who could be judgment debtors.

See: http://www.bayconsumerlaw.com/California_Homestead_Exemption.php

Calling all Pigg attys . . . SK, PG, pablo? Any help here??

-This post should not be construed as legal advice and I am not an attorney-

[dwh92563]

Thanks for the insight. I am 30 and just trying to do all of my homework on this. I was gonna consult a RE attorney but figured I’d consult the pigs first. Thanks again

[dwh92563]

Thanks for the insight. I am 30 and just trying to do all of my homework on this. I was gonna consult a RE attorney but figured I’d consult the pigs first. Thanks again

[dwh92563]

Thanks for the insight. I am 30 and just trying to do all of my homework on this. I was gonna consult a RE attorney but figured I’d consult the pigs first. Thanks again

[dwh92563]

Thanks for the insight. I am 30 and just trying to do all of my homework on this. I was gonna consult a RE attorney but figured I’d consult the pigs first. Thanks again

[dwh92563]

Thanks for the insight. I am 30 and just trying to do all of my homework on this. I was gonna consult a RE attorney but figured I’d consult the pigs first. Thanks again

[PCinSD]

An experienced collections attorney would probably give you the best advice, and that isn’t me. In any event, not sure if there’s anything you can do to effectively “hide” your assets from legitimate collections. But a proper answer depends on so many variables, and would be impossible to effectively address on this blog.

Are you in a line of work where this has you worried? At the very least, get plenty of insurance.

[PCinSD]

An experienced collections attorney would probably give you the best advice, and that isn’t me. In any event, not sure if there’s anything you can do to effectively “hide” your assets from legitimate collections. But a proper answer depends on so many variables, and would be impossible to effectively address on this blog.

Are you in a line of work where this has you worried? At the very least, get plenty of insurance.

[PCinSD]

An experienced collections attorney would probably give you the best advice, and that isn’t me. In any event, not sure if there’s anything you can do to effectively “hide” your assets from legitimate collections. But a proper answer depends on so many variables, and would be impossible to effectively address on this blog.

Are you in a line of work where this has you worried? At the very least, get plenty of insurance.

[PCinSD]

An experienced collections attorney would probably give you the best advice, and that isn’t me. In any event, not sure if there’s anything you can do to effectively “hide” your assets from legitimate collections. But a proper answer depends on so many variables, and would be impossible to effectively address on this blog.

Are you in a line of work where this has you worried? At the very least, get plenty of insurance.

[Author]

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