6 Ways to Protect Your Home in a Lawsuit

Please note I didn’t say "lawsuit" but "cause of action." For example, you can’t start trying to protect your home the day after a car accident, even though the lawsuit over the accident may occur years later. Asset protection for your home needs to start now, when there’s a clear blue sky, not when the storm clouds come. 1.

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Not all creditors are bill collectors. If someone obtains a judgment against you, as the result of a lawsuit, your assets will also be at risk. So, if you are wondering, "how can I protect my assets from lawsuits," asset protection planning is the way. Which of my assets are at risk?

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2. Protect the Home with Tenancy by the Entirety. If your state allows it, you can title your personal residence as "tenancy by the entirety," which offers unique protection: If one spouse is sued, the property cannot be attached or bifurcated by the lawsuit.

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Protect Your Home From a Lawsuit in California At this time, California ranks as one of the most litigious states in the Union. If you live in the Golden State, especially if you work in a high-risk field, you are well-advised to think about how to protect your home from a lawsuit in California .

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How To Protect Your Money From A Lawsuit – Moolanomy How to Protect Your Money from a Lawsuit. We live in a world that is becoming increasingly litigious. If you have a lot of assets prior to a marriage, this can be one way to protect yourself. Bottom Line. In many cases, you can’t completely protect all your assets from a lawsuit.