I would like to minimize losses on a civil lawsuit. Would moving all of my money to a, say, bank in China help
I might be involved in a legal lawsuit - Someone may be suing me. I'd like to make sure my money stays safe in the event that I lose the case. What can I do to minimize losses? Thanks.
Personal Finance - 1 Answers
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Transferring the money may sound like a good idea but if you lose the lawsuit and they go after you they are entitled to hunt out that money no matter where you have it hidden. About the only thing I would think you could do is transfer your money as a gift to someone you REALLY trust. Or else take it out and hide it as cash somewhere.
