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 knden
Joined: 02 Oct 2008
Posts: 1
1.35 Dollars($)
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 Posted: Thu Oct 02, 2008 3:26 pm Post subject: Can my husband be protected from a frivolous lawsuit if he t |
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| Possible lawsuit from former employee who stole from our company, was caugtht and my husband fired him. He is now threatening to sue. Can my husband sign over his home he owns to me to protect his assets. Will I incur taxes on the transfer? |
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elnoralittle
Community Experts
Joined: 01 Oct 2008
Posts: 281
Location: Maryland
25.26 Dollars($)
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| Posted: Thu Oct 02, 2008 4:47 pm Post subject: |
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This is a question for an attorney, which your husband should consult. Your husband should also have an insurance policy on the company that would cover some lawsuits.
If he is threating to sue, and hasn't filed yet, I would assume that he could easily quitdeed the property to you.
It is my understanding that if your husbands company is INC. than people can't come after your personal assets.
If your husband caught this employee stealing, it sounds a bit frivolous to me.
But if you are concerned you should definatly consult an attorney, this way your questions will be answered by someone in the profession of litigation and the correct answers will be given.
look into incorporating the business and what that means for protecting your personal assets.
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Elnora Little
First Home Mortgage
First in Customer Service!
301-437-5605 |
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smithsussane
Joined: 18 Sep 2008
Posts: 4515
Location: Alaska
440.39 Dollars($)
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| Posted: Thu Oct 02, 2008 9:18 pm Post subject: |
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Hi knden!
If that ex-employee of the company has not filed the law suit, then your husband can easily quitclaim the property in your name. And also note that if your husband's company is INC, then the ex-employee cannot come after your personal assets. It will be better if you can take some legal help.
Feel free to ask if you have further queries.
Sussane |
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kat
Guest
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| Posted: Mon Apr 13, 2009 11:44 am Post subject: amex |
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| I used my corporate amex card on personal use also, i'm trying to repay not sure what my former employer is up to but he may want to file a law suite or someoe to me they can filing criminal charges if they want |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 9791
Location: bloomfield, ct
42.59 Dollars($)
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| Posted: Mon Apr 13, 2009 2:12 pm Post subject: |
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kat, are you trying to admit to fraud? have you been accused of fraud? have you lost your job due to the unauthorized use of the card?
a little more information would help us to sort out your issue and (maybe) give some reasonable advice.
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George M. Akerley
Loan Consultant
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manoj_gopale
Joined: 16 Feb 2009
Posts: 481
0.59 Dollars($)
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| Posted: Tue Apr 28, 2009 1:22 am Post subject: |
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knden
when the company is incorporated under the company law board then directors are liable only up to the extend of share holding capital and personal property of the director can not be taken over when it comes to lawsuit.
I am not finding any reason for which you should be worried about.  |
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