Q: I cant pay my civil judgment, can I get it reduced some how?
I have a civil Judgment that that wont go away with bankruptcy. I have no money, no income or assets. This person who sued me knows all of this but some how managed to get a large judgment of like $500,000 against me. I believe this person did this because they know I am set to get a large inheritance and now they will probably get my portion of the inheritance along with theres.
1. Can it be written in a will that the money I owe goes to the other person in the Will, like my sister?
2. Can it be written in the Will that I get nothing because I havent paid?
3. Is there anything I can file to get this amount reduced that I owe?
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A: Hire a competent TX attorney to get advice on asset protection. There are numerous methods to protect most if not all that possible inheritance. A transfer to an off shore situs trust is the best method, but many simpler approaches may work for you. Texas has an excellent Homestead for example. Spendthrift Trusts might work. Even a name change might help. The important thing is to secure the assets before the creditor knows you got it. Start your planning now.
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