6 Ways to Protect Your Home in a Lawsuit

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Last week, our Part One post of "Protecting Assets from Lawsuits and Judgments" described the many kinds of personal and professional liability that can make somebody susceptible to a judgment or lawsuit. We also gave tips on protecting your assets from judgments or lawsuits with 1), proper insurance, and 2), business entities.

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4 Ways to Protect Your Asset from a Lawsuit. Whether you own your own business, or just want to protect your personal assets, there are steps you can take to protect your money from a lawsuit. Proper Insurance Coverage. One of the first things you should do in order to protect yourself is to ensure that you have the right types of insurance.

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A living trust refers to any type of trust you create during your lifetime rather than having it take effect upon your death. Transferring the title of a home to a living trust will only protect it from a lawsuit judgment if the terms of the trust are irrevocable. However, most state trust laws allow attachment of the.

This will require a fair bit of work, but it is a much more favorable option than facing an expensive and lengthy court case. Here are five things you can do to protect your small business from potential lawsuits.