in a nut shell. I have a home close to foreclosure in new jersey.
i moved to florida,bought a home and now live and work there.In florida as head of household they cant garnish my wages or levy my bank account. I will probably have a 75000 short fall with the foreclosure in new jersey and im concerned about a judgement.I have a friend who took his name off his bank account and left it only in his wifes name. he then created an llc in his wifes name and put all his monies in that account. he pays his normal bills through his wifes checking account and leaves a limited amount of money there. does anybody have any experience on this kind of asset protection? thanks in advance.
i moved to florida,bought a home and now live and work there.In florida as head of household they cant garnish my wages or levy my bank account. I will probably have a 75000 short fall with the foreclosure in new jersey and im concerned about a judgement.I have a friend who took his name off his bank account and left it only in his wifes name. he then created an llc in his wifes name and put all his monies in that account. he pays his normal bills through his wifes checking account and leaves a limited amount of money there. does anybody have any experience on this kind of asset protection? thanks in advance.
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