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
  • Lexington, KY
  • Licensed in Kentucky

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.

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Timothy Denison and Tim Akpinar agree with this answer

Timothy Denison
Timothy Denison
Answered
  • Legal Malpractice Lawyer
  • Louisville, KY
  • Licensed in Kentucky

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

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Tim Akpinar agrees with this answer

Joel Gary Selik
Joel Gary Selik
Answered
  • Legal Malpractice Lawyer
  • Las Vegas, NV

A: This is likely a fraudulent transfer.

I agree with this answer Report

Tim Akpinar agrees with this answer

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