Detroit, MI asked in Legal Malpractice, Personal Injury and Civil Litigation for Kentucky

Q: Is it legal to put my assets in my girlfriends name if I anticipate being sued in the future?

This would include my biweekly paychecks, current bank account, car insurance, and vehicle. I have not been sued yet, but anticipate it happening in the next 3 years. Would it be legal for me to transfer all these assets, to get them out of my name, prior to any lawsuit being filed?

Related Topics:
Legal MalpracticePersonal InjuryCivil Litigation
3 Lawyer Answers
Brent Cox
Brent Cox
Answered

A: This sounds like fraudulent conveyances. I believe you can be sued for doing this with the knowledge that you are likely to be sued. I would consult an attorney who can analyze all the facts of your particular situation.

I agree with this answer Report

Tim Akpinar and Timothy Denison agree with this answer

Timothy Denison
Timothy Denison
Answered

A: No. Those conveyances would be set aside as fraudulent.

I agree with this answer Report

Tim Akpinar agrees with this answer

Joel Gary Selik
Joel Gary Selik
Answered

A: This is likely a fraudulent transfer.

I agree with this answer Report

Tim Akpinar agrees with this answer

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