Hi. Thanks so much for looking into this for me. I have never used this website/service before, and am willing to increase the amount I am paying for your services. I truely appreciate it.
Yes..the cash I am describing is in bank accounts (savings & checking) right now. Also, I have savings bonds in my & my kids names. Are these protected or are they subject to siezure? I am thinking I should cash them out and turn them into cash money....yes?
Additionally, my kids have savings accounts, with my names on their accounts also. The bankruptcy is due to an incrediblly messy divorce. I plan on filing within a month, maybe 2 months at the max.
Regarding the amount of cash in my savings/checking account, if I have $40k in a savings account, and $30k in a checking account, are you saying that only $5k would be subject to siezure in the checking, and $10k is subject to siezure in the savings...in other words, is the $25k the MAX allowable cash I'm able to keep, or is that per account? Silly question...I'd bet it's only $25k MAX I'm allowed to keep...yes?
You said cashing out the accounts would not help protect the money in them. Why, because it's "so recent"? If the money is not there, it's not there. What is significant about the 6 month time period? That $ may be spent on a trip to Mexico or buying losing lottery tickets, etc. In other words, that cash disappears without having anything matieral to show for it.
The some savings bonds are ONLY in my child's name. Others, I believe, have both our names on the bond. Are the bonds that have both our names on them subject to siezure?
Last, but certainly not least, would you recommend that I open a savings account for my oldest child (13 years old), and transfer/depost all this $ in his account, to protect it from being seized? I don't know if there's a minimum age a child can open a savings account w/o a parent/guardian's signature/custodial rights/etc?
Thank you so much.
Swift and comprehensive advice. Thank you so much for your time.
To conclude, can you recommend a website or even lawyer who can guide me through this stormy and turbulent weather ahead?
Thank you very very much for your time.
Also....please note, that because of your performance, I have decided to sign up for your service on a recurring, monthly basis.
In the meantime, I will seek advice through the DE bar association.
Thank you again.
How does a vehicle/automobile (that is 100% paid for in full) play into the $25k equation? Would the blue book or kbb value etc included in the $25k limit the individual is allowed to keep...or is a primary means of transportation exempt from the $25k equation? Also, please keep in mind this car is 100% paid for and owned by me.
My job does require a vehicle to perform my job, as in a travelling home health aide.
I do not work in a traditional work office, but rather--- drive to patients homes and assist doctors and nurses who basically perform housecalls.
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