What is the best asset protection for your home in california?

Cody R Cooper ∙ September 2, 2019

A revocable living trust does not offer any asset protection in the state of California. An irrevocable living trust does offer asset protection, but it limits your ability to sell or mortgage your home. Generally, if you have control of your home and the home is being used only for personal purposes, there are not many options in the ways of asset protection. However, there is a homestead protection that prevents creditors from getting up to $175,000 in equity in the home. Also, if there are other liens on the home (like a mortgage), then it is likely that the home would not be taken in any sort of judgment.

Cody Cooper's offices are located in Pasadena, California. Cody Cooper is licensed to practice law in the state of California and their comments may only apply to that state. If your question applies to a different state you should check with an attorney in that state. The information is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Answering this question does not in any way constitute legal representation and any information you provide is not protected by attorney-client privilege.


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