Can our residence be protected in a personal injury lawsuit?

Additional Information:

My husband was involved in an auto accident and we are being sued for more than we have on our insurance policy. We own our home in the Boston Metrowest area, can we protect our home in a personal injury lawsuit?

ATTORNEY ANSWER:

Yes, you can protect your home under the Massachusetts Homestead Act. The Act provides automatic protection/exemption against unsecured creditor claims of up to $125,000.00 to everyone who owns a home and who occupies or intends to occupy the home as their principal residence. A homeowner can increase the protection/exemption to $500,000.00 by filing a written Declaration of Homestead at the Registry of Deeds for the county where the home is located.

Our experienced Personal Injury Defense Attorneys handle personal injury claims in Boston and throughout the Boston Metrowest area including the communities of Braintree, Brighton, Brookline, Burlington, Cambridge, Dedham, Dorchester, Everett, Framingham,  Mattapan, Medford, Melrose, Milton, Quincy, Waltham, Weymouth, and Woburn.