Ask Experts Questions for FREE Help !
Ask
    indebtbs's Avatar
    indebtbs Posts: 1, Reputation: 1
    New Member
    		  
    #1

    May 12, 2008, 08:19 AM
    Can debtors put liens on accts owned by 2 individuals?
    Hi - I have credit card debt and am working with a debt resolution company to pay off my debt. An elderly aunt wants to transfer her assets into mine and my brothers's name (a living will). Can my credit card companies attach liens on these assets that would be in mine and my brother's name? First and foremost, I don't want my family to know the financial situation that I'm currently in. Secondly, I don't want these assets affected.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    May 12, 2008, 08:37 AM
    Any asset that you are a joint owner of could be attached. However, what your aunt is referring to is a living trust (not a living will), In that case, the trust owns the assets with you and your brother as beneficiary.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Mechanics liens and liens against property [ 3 Answers ]

I lent my son in law $10,000 to put down payment on a home about a year and a half ago My question is how do I put a lien on the house and which state do I do it in . I'm in Calif. And the house is isn't Arizona. And do I just record it with the county or court or what?

Pd cheque accounting in Debtors account [ 1 Answers ]

Dear sir I got one pd cheque from my client. How I will show it in his account

Debtors interragtories [ 2 Answers ]

Hello My Sister Received A Paper From A Deputy At Her Home She Was Gone And The Deputy Left It With Me To Give Her,I Thought It Was A Civil Warrant But It Is A Paper That Has A Court Date For Debtors Interragtories What In The World Is That? Thanks For Any Information

View more questions Search