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Quit Claim Deed and Lawsuit

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roberts967 Joined: 14 Sep 2009 Posts: 1 1.31 Dollars($)	Posted: Mon Sep 14, 2009 8:18 am    Post subject: Quit Claim Deed and Lawsuit Like 0 Dislike 0 Hello Josh, I am in Michigan. My husband and I quit claimed our house (which is paid for) to our children - both of which are grown. The problem is that my son was in a car accident and may be sued. Are we at risk for losing this property to pay a lawsuit? The property was quit-claimed to first ourselves and then to each of our two children. Please help!
sunnyca2009 Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)	Posted: Mon Sep 14, 2009 11:59 am    Post subject: Like 0 Dislike 0 There is a good possibility this can happen Please check with yoru attorney to see how you cna get out of this situation
jameshogg Joined: 20 Dec 2005 Posts: 10148 Location: Nevada 941.94 Dollars($)	Posted: Mon Sep 14, 2009 10:02 pm    Post subject: Like 0 Dislike 0 Hi roberts, It will depend upon the type of judgment that will be passed against your son. If the judgment mentions paying for the lawsuit, then you will have to pay it off. If you are unable to pay for the lawsuit, then court can place a lien on your property. Thanks

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