Legal Question in Civil Litigation in California

Protecting assets

how do I protect my savings and real estate if I am being sued?


Asked on 5/06/06, 1:01 pm

3 Answers from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: Protecting assets

1. Buy insurance in advance of a loss.

2. Go bankrupt.

3. Get a good lawyer to defend you.

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Answered on 5/16/06, 5:14 pm
Robert F. Cohen Law Office of Robert F. Cohen

Re: Protecting assets

Mr. Stone presumed you don't have insurance. If being sued as an employee and the suit relates to work, tender the suit to your employer. If it relates to a homeowners matter, you should tender it to your insurance carrier.

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Answered on 5/16/06, 6:02 pm
Terry A. Nelson Nelson & Lawless

Re: Protecting assets

By defending yourself against a judgment. Any major transfer of assets after you are sued could be viewed as fraud and recovered. If the suit is for enough money to worry you about your real estate, then you better consult an attorney about your defenses and settlement potential.

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Answered on 5/16/06, 6:06 pm


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