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Wisconsin Asset Protection Legal Questions

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1 legal question has been posted about asset protection by real users in Wisconsin. Ask your question and dive into the knowledge of attorneys who handle your issue regularly. Similar topics to explore also include trusts and estates, powers of attorney, and charitable giving. All topics and other states can be accessed in the dropdowns below.
Wisconsin Asset Protection Questions & Legal Answers
Do you have any Wisconsin Asset Protection questions and need some legal advice or guidance? Ask a Lawyer to get an answer or read through our 1 previously answered Wisconsin Asset Protection questions.
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Recent Legal Answers

am I putting myself at risk when having a brokerage acct with my son -as joint tenants with rights of survivorship

Answered 5 years and 2 months ago by Pamela W. Flores (Unclaimed Profile)   |   1 Answer   |  Legal Topics: Asset Protection
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In short, no.  Your son will only have control over the account that he has ownership in.  If there is a judgment against him, the holder could seize that account to pay it, but not any of your other accounts, IF you are not liable on the judgement.  However, it can work the other way if you are a joint owner.  For example, the account would be considered an asset of yours so if you owed someone money and they received a judgment for it, they could seize your son's account to pay the judgment.  ... Read Answer
In short, no.  Your son will only have control over the account that he has ownership in.  If there is a judgment against him, the holder... Read Answer

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