Ina personal injury suit where they say I am at fault,car accident what assets are protected"

have umbrella insurance, have debt, should I use IRAs to cover debts? I own home
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Peter Hart

Peter Hart

Contributor Level 3
Any assets owned jointly with a spouse are protected (unless the spouse is also liable-doubtful) After that your auto insurance will cover you up to your limit of liability protection purchased. Then you are exposed. However, if you have no assets you are judgment proof. Good luck, Peter Hart
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