QUESTION
My name is on everything that my parents own
Asked on Sep 24th, 2024 on Automobile Accidents - Florida
More details to this question:
My name is on everything that my parents own, including their home, bank accounts and vehicles, I am also a listed driver on their auto insurance. If I were involved in an automobile accident in our shared vehicle and I hurt someone badly could my parents be sued? Could they lose everything? I live in Florida which I believe is in no fault state.
1 ANSWER
Consumer Debt Collector Harassment & Abuse Attorney serving Tampa, FL
Partner at
Tischhauser Law Group
2 Awards
As long as your name "is on" the assets of others there is always a potential exposure. You and your parents should retain an "asset protection" lawyer to review your situation to provide specific answers about exposures or ways to avoid them.
Answered on Oct 02nd, 2024 at 5:35 AM
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