Q: I executed a new deed adding my wife to the house. 7 months later I'm getting sued by a creditor. Was this fraudelent?
We live in NC. I never knew that tenants by the entirety existed until after we executed the deed. I added her name because I'm significantly older than her and thought it was probably a good idea. We were dating when I bought the house. We have had a joint bank account since before the purchase of the house. The mortgage has been paid through our joint bank account, where her pay checks have always gone. She has paid more than her fair share towards the house in the last 5 years.
A: Without more information, I cannot give a definitive answer, but unless you had actual knowledge that the lawsuit was imminent you are likely okay.
A: I agree with Mr. Corcoran. It certainly would not hurt you to have a personal consultation with an attorney about your overall financial situation and obtain advice on defending the collection lawsuit. If you try and handle the lawsuit yourself, you may miss out on some legal defenses because you may not be aware of them.
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