Transferring Assets to Your Spouse Does NOT Protect You From Creditors

Transferring Assets to Spouse - No Protection From CreditorsHome inspectors often observe that putting everything in their spouse’s name would make them financially insolvent and protect them against greedy, reckless clients searching for financial blood.

In these instances, inspectors consider themselves judgment-proof and find no need to carry professional liability insurance.

However, not everything is as rosy as it looks on the surface. There are potential side effects to this scheme. I go into some of those side effects in this installment of my ClaimsAcademy video training series.