How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Barrister Your Own Question

Barrister
Barrister, Attorney
Category: Legal
Satisfied Customers: 23839
Experience:  14 yrs practice, Civil, Criminal, Domestic, Realtor, Landlord 24+ yrs
19958803
Type Your Legal Question Here...
Barrister is online now
A new question is answered every 9 seconds

Auto insurance

Resolved Question:

Hello recently married and my wife has a son 24 and moved back home recently. As he was unable to purchase a car himself his mom purchased for him. My question, the kid has a bad driving record therefore wants to insure at the lowest possible liability levels 25k injury 25k property. Car is legally registered to wife.If he goes with the lowest level insurance and has significant accident assume that other party could go after wife and in turn my assets should damages exceed 25k correct??  Live in Virginia if that makes a difference

Submitted: 1 year ago.
Category: Legal
Expert:  Barrister replied 1 year ago.
Hello and welcome! My name is XXXXX XXXXX I will try my level best to help with your situation or get you to someone who can.
.
.If he goes with the lowest level insurance and has significant accident assume that other party could go after wife and in turn my assets should damages exceed 25k correct??
.
That is correct. If he gets in an accident and the injured party sues and is awarded more than the 25K policy limits, then this means that your wife could be subject to any amount over that since she is the legal owner of the car.
.
They couldn't directly come after assets that were either in your name solely or were held by you and wife in "tenancy by the entirety". But they could come after anything she had in her name solely or that was in "joint tenancy".
.
So if you are going to go this route, it would be a good idea to make sure anything that your name is XXXXX XXXXX wife is a "tenancy by the entirety" designation so it is protected.
.
.
Thanks
Barrister
Barrister, Attorney
Category: Legal
Satisfied Customers: 23839
Experience: 14 yrs practice, Civil, Criminal, Domestic, Realtor, Landlord 24+ yrs
Barrister and 12 other Legal Specialists are ready to help you
Customer: replied 1 year ago.

To clarify my 401k is listed in my name only as is the house which were both purchased or started before the marriage so they are safe. If I have a car that is listed in my name with survivor rights to her is that safe? If the car is placed in his name and he is the legal owner and insurance policy holder can either my wife or i be held liable based on him living in my home. If i co signed a loan for him to re title the car in his name am I liable for anything other than the repayment of loan?


 


thanks


 


 


 

Expert:  Barrister replied 1 year ago.
To clarify my 401k is listed in my name only as is the house which were both purchased or started before the marriage so they are safe.
.
Yes, they are both safe.
.
If I have a car that is listed in my name with survivor rights to her is that safe?
.
Yes, still safe.
.
If the car is placed in his name and he is the legal owner and insurance policy holder can either my wife or i be held liable based on him living in my home.
.
No, not at all. Merely living with someone doesn't make them liable for the occupant's legal problems.

If i co signed a loan for him to re title the car in his name am I liable for anything other than the repayment of loan?
.
No.
.
.
Thanks
Barrister
Barrister, Attorney
Category: Legal
Satisfied Customers: 23839
Experience: 14 yrs practice, Civil, Criminal, Domestic, Realtor, Landlord 24+ yrs
Barrister and 12 other Legal Specialists are ready to help you

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
< Last | Next >
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
  • My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer. Eric Redwood City, CA
  • I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight. Michael Wichita, KS
  • PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent. Three H. Houston, TX
  • Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!! Elaine Atlanta, GA
  • It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem. Tony Apopka, FL
  • Not only did he answer my Michigan divorce question but was also able to help me out with it, too. I have since won my legal case on this matter and thank you so much for it. Lee Michigan
 
 
 

Meet The Experts:

 
 
 
  • Tina

    Lawyer

    Satisfied Customers:

    8436
    JD, BBA Over 25 years legal and business experience.
< Last | Next >
  • http://ww2.justanswer.com/uploads/MU/multistatelaw/2011-11-27_173951_Tinaglamourshotworkglow102011.64x64.jpg Tina's Avatar

    Tina

    Lawyer

    Satisfied Customers:

    8436
    JD, BBA Over 25 years legal and business experience.
  • http://ww2.justanswer.com/uploads/RA/ratioscripta/2012-6-13_2955_foto3.64x64.jpg Ely's Avatar

    Ely

    Counselor at Law

    Satisfied Customers:

    19941
    Private practice with focus on family, criminal, PI, consumer protection, and business consultation.
  • http://ww2.justanswer.com/uploads/FL/FLAandNYLawyer/2012-1-27_14349_3Fotolia25855429M.64x64.jpg FiveStarLaw's Avatar

    FiveStarLaw

    Attorney

    Satisfied Customers:

    8189
    25 years of experience helping people like you.
  • http://ww2.justanswer.com/uploads/jespoag/2008-12-17_222355_jessepic.jpg JPEsq's Avatar

    JPEsq

    Attorney

    Satisfied Customers:

    2132
    Experience as general attorney, in house counsel, SSDI, Family Law attorney, and law professor
  • http://ww2.justanswer.com/uploads/gsenmartin/2008-04-22_214950_me1.jpg Guillermo J. Senmartin, Esq.'s Avatar

    Guillermo J. Senmartin, Esq.

    Attorney

    Satisfied Customers:

    110
    7+ years of experience handling various legal matters.
  • http://ww2.justanswer.com/uploads/PA/PaulmoJD/2013-10-10_195858_JAImage.64x64.jpg Law Educator, Esq.'s Avatar

    Law Educator, Esq.

    Attorney

    Satisfied Customers:

    31621
    JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law
  • http://ww2.justanswer.com/uploads/dkaplun/2009-05-17_173121_headshot_1_2.jpg Dimitry K., Esq.'s Avatar

    Dimitry K., Esq.

    Attorney

    Satisfied Customers:

    15975
    Multiple jurisdictions, specialize in business/contract disputes, estate creation and administration.
 
 
 

Related Legal Questions