Assume that your client has a judgment for $250,000 against X, who lives in your state. You know that X has $100,000 in liability insurance, a $100,000 home and land, a small cottage worth $60,000 (but only $15,000 paid for), two vehicles each worth $10,000 (both paid for), a boat worth $7,000, and an online coffee business that generates $30,000 in gross annual income. Under your state statutes, what of X's assets are not exempt from execution on the judgment?

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The Answer of Assume that your client has a judgment for $250,000 against X, who lives in your state. You know that X has $100,000 in liability insurance, a $100,000 home and land, a small cottage worth $60,000 (but only $15,000 paid for), two vehicles each worth $10,000 (both paid for), a boat worth $7,000, and an online coffee business that generates $30,000 in gross annual income. Under your state statutes, what of X's assets are not exempt from execution on the judgment?

Assume That Your Client Has a Judgment for $250,000 Against