Trust or not to Trust
I'm buying an RV that I will fulltime in. I went to my attorney and talked to him about a trust. I wanted the trust for asset protection in case I'm sued. He didn't think I needed one for that. I g...
Forum Discussion
sflabrkr wrote:
Here's my problem, I'm an A/C tech and we're retiring in about 2 years.
If I'm working on your 10th floor condo and I break a water pipe you could have $50,000,000 in damage till I shut it off.
I only carry $1,000,000 insurance.
I would not want to lose my home also.
I am certainly no authority on this issue but I had some of your same concerns being a driver at 80 years old and more apt to do something dumb that I might have 20 years earlier. I took out an umbrella policy with my auto insurance carrier. It is quite reasonable and covers all family members for 1 million dollars.
