Will my husband be liable?
Say the rental properties are all under my name personally, (no LLC set up).
If something happens and the tenant sues, and the court rules in the tenant's favor, will my husband be liable in any way?
For example, if the court awarded $1M to my tenant, and I only have $500K of assets to my name, will the court seize assets owned jointly by my husband and myself? What about assets that are under my husband's name only, will those assets be seized too?
any advice would be appreciated.
Thanks
MJ