Posted by William Bronchick on September 28, 2011 at 17:55:19:
That’s a different story, once you are in litigation,
they can ask who the carrier is for that property.
But, the whole idea with land trusts is to make it
difficult to find info which would thwart any potential
litigation. Even so, I doubt a judge would allow an
atty to subpoena the insurance company to find out
everything you own.
Question for William Bronchick - Posted by MikeT/NC
Posted by MikeT/NC on September 26, 2011 at 07:23:24:
I recently viewed a clip from a seminar you did on land
trust. And I was thinking if someone wanted to sue you
all the lawyer had to do is once he finds out what
insurance company you are dealing with is subpoena their
records of your payments. They would then have a list of
all the properties you had with them. Of course I’m not
a lawyer and so I don’t know if a judge would even allow
that. And then if you transfer title to some other entity
then how would you insure them. Would each one be on a
separate liability policy? Is all this covered in your
course on land trust?
Re: Question for William Bronchick - Posted by William Bronchick
Posted by William Bronchick on September 28, 2011 at 12:17:42:
A lawyer has no authority to subpoena an insurance
company because it suspects they have insurance records
on you. And, how do they know which insurance company to
start with?
Re: Question for William Bronchick - Posted by MikeT/NC
Posted by MikeT/NC on September 28, 2011 at 17:45:31:
If I were being sued then I’m assuming (hoping) my
liability insurance carrier’s lawyer would represent me.
So I’m sure at some point the insurance company’s name
would come up.