Physicians have to face suits frequently. If the judgment is greater than his insurance will pay, he might lose his home.
How can he sign over the equity(appraised value minus mortgage) to his wife, to avoid suit loss?
2007-05-30 23:19:49 · 3 answers · asked by seeker 101 1 in Business & Finance ➔ Personal Finance
Go to a lawyer, this is not a question for here. If you own your property as tenant by the entirety with your spouse you already have asset protection. You could have other assets titled this way. Put money into a retirement plan or an IRA and you will gain asset protection.
By putting everything into your wife's name you gain asset protection she does not.
By putting everything in your wife's name you gain asset protection but she has the upper hand if she wants to walk from the marriage.
Pay for a good asset protection attorney it is worth the money.
2007-05-30 23:47:59 · answer #1 · answered by waggy_33 6 · 2⤊ 0⤋
Go see a solicitor and have the paper work done.~~ warning do not do this if you have a suit pending you could have all types of trouble also if ever you feel that your insurance will not be able to pay all the case do not pay even a phone bill out of your money and close up business ~~
2007-05-31 06:26:38 · answer #2 · answered by burning brightly 7 · 0⤊ 0⤋
hi check this link its good
http://insurancess.notlong.com
.
2007-06-03 12:03:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋