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Author: pedorrero Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1498  
Subject: Re: Judgment proofing investments Date: 9/30/2007 2:20 PM
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This is a complex field, but you can get an idea of what's available by browsing a few books at the library or more likely a big bookstore.  I have a copy of "Made E-Z" Asset Protection.   The short answer is that available protections vary enormously by State (mainly to do with exempt assets if it comes to bankruptcy.)  For the super-rich, some money may be stashed in other countries with more asset-friendly laws.   For the average Joe,  if most of your wealth is in an approved retirement vehicle (perhaps a variable annuity?) and your homestead, your assets may be all but untouchable.   You can also usually get fairly cheap "umbrella" liability insurance.   Read up and perhaps see a professional, to see what applies to your situation.
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