I see. Thank you for clarifying that, Jim.
No, you would not typically lose your marital interest in the properties if they are held by the LLC's owned by your wife since they were acquired during the marriage and so was the LLC, so you would normally have a marital interest in the LLC as well, even though you don't have an actual interest in it.
It is important to note that as long as you stay married and your wife is the sole owner of the LLC, she could sell the properties without your consent though, so there could potentially be nothing to divide between the spouses if you were to divorce if she choose to sell the LLC or the properties.
In addition, if a lawsuit has already been initiated, creating the LLC and transferring the assets to it could be considered a fraudulent transfer
to avoid your legal obligations, or the creditor suing you may allege that in any case.
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