How do you cover Asset Protection? Umbrella and More?

[Jil]

I came across 2 years old thread about Asset Protection.

Lets talk asset protection strategies [US] • r/financialindependence

I know many of us, esp investors or builders, have Umbrella Insurance. Do you take any additional steps to protect?

[hanera]

If you live in Florida or Texas, consider yourself lucky as your entire primary residence is protected. (It’s also why OJ Simpson decided to buy a home and settle down in Florida.

No income tax, homestead discount for property tax of primary residence and primary residence protected from suits. Retirement should move to Texas or Florida.

[BAGB]

Primary residence protection can be extended to California, it’s not hard to pass. Why not petition jerry brown?

Primary home protection could be a bipartisan proposal. Dens may support it even if a Repulican proposes it

[Jil]

@hanera

If you live in Florida or Texas, consider yourself lucky as your entire primary residence is protected. (It’s also why OJ Simpson decided to buy a home and settle down in Florida.

No income tax, homestead discount for property tax of primary residence and primary residence protected from suits. Retirement should move to Texas or Florida.

I like the weather of California, esp Bay Area. In fact, I should have moved to Belmont or Emerald Hills or SFO by 2008-2011 period !