I think we all know we here in the USA live in a sue happy environment.

What's the best situation to protect money in your bank account if someone
Attempts to sue you?

Or better question where it's the safest place to keep a lot of money say 50k?
(and under the mattress doesn't count, that's not safe)

REAL WORLD EXAMPLE from my Fathers mouth.
My dad had some money in the bank once, lets say it was $1,234 dollars, and he got sued over a traffic accident.

He tells me they immediately seized all monies in the account and took it! Precisely $1,234.00 dollars.

How does anyone find out what you have in the bank?

Accident was on a Saturday and on Monday no money, it was in the bank but
Locked and they ended up taking it when they won in court!

I don't want that stuff to ever happen to me so is a safe deposit box they
Way to go or what?

Can this happen or does my dad got it all mixed up?

Where can you keep savings, that you work hard for private, from sue happy people?

Generally, money cannot be taken from an account that the judgment holder does not know about.

There MAY be exceptions to this rule depending on who has the judgment, but the above is generally true.

Being sued and losing are one thing, but paying is another. Generally, winners of monetary awards cannot learn how much money is in a bank account, but if they know of the existence of the account, then wham-o, it can be zapped.

No, not really a full answer to your question... but food for thought.

Actually no, they can't take your money that fast from the bank account.

What happens you have an accident, and they sue you, you go to court and they get a judgement against you, Then they get an attachment for your bank accounts, and locate your accounts. Once the locate it, they attach it for all the money in it, up to the amount of the judgement.


No place is really safe from someone getting it where you have it invested.

You could turn it into cash and put it in a safety deposit box, no interest but then safe also in most cases

I have thought about the safety deposit boxes but can't those be seized? Its also scary to know that if they misplace a payment and it looks as if I didn't make the rent on the box, the bank can just take what's in the box.


Is what's in the box truly private?

What do you think the real cons are to having box?

Should I just get a safe and bolt it to the wall in the closet?

How do you make your money private and untouchable by sue happy people or ANYONE not matter what the case may be?

It is a lot harder to know you have a safety deposit box, esp if you keep one at a bank where you don't do any other banking, and maybe in a town 10 miles or so away. Anything can be seized, something's just make it harder for them to find them.

And a safe is good, make sure it is a really good one, they will be expensive.

I scatter money between varouis accounts under business and LLC names personally, but then I don't have much for anyone to get either

Oweing more money than you could ever pay off in your life time has its good points

But yes you have to remember to pay the yearly rental on them.

Hi Dig,
Try not doing anything that someone may sue you for!! Are you contemplating committing a crime?? Pay any debts you owe. Can't be sued for nothing. -- Ace