Legal Question in Real Estate Law in Massachusetts

Re: Protecting a house from creditors

Retain an attorney to discuss placing a Homestead on your primary reseidence and possibly conveying the others into Trusts. Good Luck!

Re: Protecting a house from creditors

Retain an attorney to discuss placing a Homestead on your primary reseidence and possibly conveying the others into Trusts. Good Luck!

Re: Protecting a house from creditors

Retain an attorney to discuss placing a Homestead on your primary reseidence and possibly conveying the others into Trusts. Good Luck!

Re: Protecting a house from creditors

It is always prudent to plan ahead with legally available asset protections prior to possible risks. The law and sophisticated investors often choose a variety of devices to insulate their assets from assault.

Some of these may require the assistance of a seasoned asset protection attorney, while others may be implemented by an owner/investor.

This Office has assisted seasoned high income investors in minimizing asset risks for more than thirty years. An initial consultation is provided by phone free of charge.

Re: Protecting a house from creditors

You can protect your primary home in MA with a homestead exemption, which will protect your equity in the home up to $500,000.00. Depending upon your age and health, you may want to create a Qualified Personal Residence Trust.

As to second homes and investments that requires use of such things as Irrevocable Trusts or transfers to a spouse which may be available to protect your equity.

Likewise, it is important to know what kind of creditors you are concerned about. You cannot make transfers for the sole purpose of placing assets outside of creditors reach. Without more information, no substantive advice can be provided.

Feel free to contact me to discuss your options.