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Are retirement and real estate assets projected from judgment in accident case?

8 1
30.04.2025

Q: If I cause an automobile accident and the victim is awarded a judgment against me that insurance doesn’t cover, are my retirement accounts and my homestead property exempt from the award?

A: Yes.

The homestead exemption is limited to 10 acres if you live in a city, or if you live outside a city, then the limit is 100 acres for an unmarried person and 200 acres for a married couple.

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There are generally no limits on the size of your retirement accounts.

Q: We do not have anyone we can depend on to be the executor under our wills. How do we go about finding a third party to serve?

A: One option is to appoint a trust........

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