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there is a possiblility that a lawsuit maybe filed againt my husband. how can I protect our home from being involuntary sold or anything we own, cars, bank accounts etc from a judgement if I am married. help!

Priscilla

smithsussane · Posted: Tue Oct 28, 2008 8:42 pm Post subject:

Hi priscilla!

Welcome to forums!

As far as I know, you can transfer the property in your name in order to protect it. However, you should note that the property should be transferred before the law suit is filed otherwise, it will be taken as a fraudulent transfer.

Feel free to ask if you have further queries.

Sussane

Samantha · Posted: Wed Oct 29, 2008 5:59 am Post subject:

Hi Priscilla,

I'd like to know the reason for the judgment filed against your husband. Does the house have a mortgage in it? or is the judgment filed because of unpaid mortgage debt? If you simply transfer property in your name, chances are that it could be considered as fraudulent conveyance.

May god bless you.

Samantha

bearboysj · Joined: 25 Oct 2008 Posts: 42 17.02 Dollars($)

The other thing to watch out for is if you are in a community property state and you are married - what happens to your husbands assets could very well happen to yours, so, transferring the property into your name and not his may be a moot point.

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possible lawsuit/judgement