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I AM A MEDICAL PROFESSIONAL. I HAVE MALPRACTICE INSURANCE.

Customer Question
BUT, IF I WERE TO...
I AM A MEDICAL PROFESSIONAL. I HAVE MALPRACTICE INSURANCE. BUT, IF I WERE TO GET SUED ONE DAY, THEORETICALLY SOMEONE COULD SUE ME FOR MY ASSETS SUCH AS MY HOME. MY HUSBAND AND I ARE ABOUT TO BUY A HOME TOGETHER. WOULD YOU RECOMMEND PUTTING THE HOME IN MY HUSBAND'S NAME ONLY SO THAT THIS COULD NEVER HAPPEN?
Submitted: 8 years ago.Category: Legal
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Answered in 1 minute by:
5/1/2009
Lawyer: INFOLAWYER, Attorney replied 8 years ago
INFOLAWYER
INFOLAWYER, Attorney
Category: Legal
Satisfied Customers: 58,085
Experience: Licensed attorney helping individuals and businesses
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The safer solution is to place it in an irrevocable trust for his benefit or your children's benefit so that creditors cannot reach it. A transfer to a spouse is inferior and easier to pierce.
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Customer reply replied 8 years ago
HOW DOES ONE ESTABLISH AN IRREVOCABLE TRUST? WOULD AN ESTATE LAWYER SET THIS UP?
Lawyer: INFOLAWYER, Attorney replied 8 years ago
This indeed would be done by an estate lawyer which you can find in your area on www.martindale.com
INFOLAWYER
INFOLAWYER, Attorney
Category: Legal
Satisfied Customers: 58,085
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