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Home / Opinion Digests / Fire insurance payout can be garnished (access required)

Fire insurance payout can be garnished (access required)

Where a married couple owned their home as tenants by the entirety and retitled the property to separate revocable trusts as tenants in common, fire insurance claim payments can be garnished to satisfy a judgment against one of the owners. Code § 55.1-136(C) protects from garnishment the “proceeds of the sale or disposition” of property formerly ...