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• 1. B

     When being sued, what assets are protected?

     I am not worried, just being prudent. Our family cottage is on a lake next to a very expensive summer camp. My cousin is worried that a camper would get hurt on our property and sue all of us. Wants everyone involved in the properties to get a ton of insurance, just in case. As I don't use the...

     • buckrogers
     • Post #7
     • Aug 22, 2019
     • Forum: Other Personal Injury and Wrongful Death
  2. B

     When being sued, what assets are protected?

     Correct. I do own a small % of a cottage. The cottage is worth about $20k in total. As I never use it, want to give my share to my sister that uses it all the time. My cousin is worried about liability for the cottage and there is also another piece of separately deeded vacant land (less than...

     • buckrogers
     • Post #5
     • Aug 22, 2019
     • Forum: Other Personal Injury and Wrongful Death
  3. B

     Many relatives owning a cottage, deed question.

     What is the name of your state? PA Long story, try to make it short. Have a family cottage, once owned by grandfather. On his passing, willed to his 3 children - my mother, uncle and aunt. Aunt passed, she willed her 1/3 to my uncle. My uncle then gave his 1/3 and the aunt's 1/3 to his son, my...

     • buckrogers
     • Thread
     • Aug 22, 2019
     • Replies: 1
     • Forum: Other Real Estate Law Questions
  4. B

     When being sued, what assets are protected?

     What is the name of your state? PA Just doing some research. If I am ever sued, what assets are protected from a judgement? I only have a primary home, one car, a 401K plan and less than $10k in cash in the credit union. Just wondering if I need to re-evaluate my liability coverage. Thank you.

     • buckrogers
     • Thread
     • Aug 21, 2019
     • Replies: 14
     • Forum: Other Personal Injury and Wrongful Death