Legal Question in Insurance Law in Arizona
If I have a Revocable Trust do I need to carry high premiums on my car insurance?
Asked on 8/24/09, 5:39 pm
1 Answer from Attorneys
Donald Scher
Donald T. Scher & Associates, P.C.
Your revocable trust does not protect you against creditors' claims. Your car insurance is your best protection against auto accidents, which may be your fault and could cause a million dollars of damage to someone. Depending upon how much you own and want to protect, I suggest that you carry high limits of liability on your car insurance to protect what you have.
Answered on 8/30/09, 1:41 am
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