What is the name of your state? Texas
After hearing that a friend was being sued by someone who was injured on his property, we were wondering if the person suing could collect settlement from our friends 401k, profit sharing, or employee stock purchase plan. We know that his insurance will cover only so much and the person suing wants MORE! Our friend is worth more in retirement than he is with assets at this time and the person suing knows this, so is this possible?
After hearing that a friend was being sued by someone who was injured on his property, we were wondering if the person suing could collect settlement from our friends 401k, profit sharing, or employee stock purchase plan. We know that his insurance will cover only so much and the person suing wants MORE! Our friend is worth more in retirement than he is with assets at this time and the person suing knows this, so is this possible?
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