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    weekend_warrior's Avatar
    weekend_warrior Posts: 9, Reputation: 1
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    #1

    Nov 3, 2012, 05:08 PM
    Protecting equity outside homestead
    Hi there,

    I was wondering how a person could protect a property that is completely owned without using the homestead act (it doesn't cover how much equity I have) from law suits. So if my equity is 200k and the homestead act covers 35k how do I protect the 165k that isn't covered?

    Thanks in advance for our help.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #2

    Nov 3, 2012, 05:13 PM
    You protect it by not doing anything which would allow someone to sue you and get a judgment against you.
    weekend_warrior's Avatar
    weekend_warrior Posts: 9, Reputation: 1
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    #3

    Nov 3, 2012, 05:16 PM
    Quote Originally Posted by AK lawyer View Post
    You protect it by not doing anything which would allow someone to sue you and get a judgment against you.
    Yes I understand that, but sometimes lawsuits can be unforeseen (ie: car accident that isn't fully covered by insurance) and I don't want easy money attached to my name.
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