May be getting sued from someone, should I buy a Primary home?
Hello,
I currently live in an apartment. Someone is "talking" about filing charges against me and perhaps suing me in the near future. I haven't received a summons but the person is manipulative and aggressive in nature. Anyhow, I won't go into the specifics because I will let the attorney and courts handle that... but my question to you all is: I currently live in an apartment and have some savings. I wanted to buy my first home soon and still would like to. However, if for some odd reason a court case doesn't go my way... I worry that they could "take my house." I wasn't sure if they could "take my house" or if they typically go for my bank account. Should I buy a home immediately? Or should I just keep the money I have in the bank and continue living in an apartment throughout this possible case? Thanks!
Most Popular Reply
Rick,
before taking any legal advice from anyone on this board, seek your own Lawyer to determine what you should do to protect your assets. Deeding a property to an LLC. after a suit is filed will not protect that asset and depending on the State LLC'S are looked at different as far as charging orders. so seek an attorney that can do some Estate planning for you.