What is the name of your state (only U.S. law)? Nevada
I'm a single man, no marriage plans in the near future. I will soon purchase a home (outside of Nevada). At present, my parents are in a legal battle that could result in a judgment against them. If I were to pass on, and the home is willed to my parents, it is my understanding that any such judgment against my parents, would attach to the home. If that scenario were to unfold in the future, is there any legal method or maneuver that can be initiated at this time to preclude a judgment from attaching to the home? While a bankruptcy would extinguish the effects of a judgment, at this time and into the future, bankruptcy is not an option.
I would be most appreciative, if someone can suggest a viable solution, or point me in the right direction to address and hopefully resolve this potential issue.
Thanks,
Jeff
I'm a single man, no marriage plans in the near future. I will soon purchase a home (outside of Nevada). At present, my parents are in a legal battle that could result in a judgment against them. If I were to pass on, and the home is willed to my parents, it is my understanding that any such judgment against my parents, would attach to the home. If that scenario were to unfold in the future, is there any legal method or maneuver that can be initiated at this time to preclude a judgment from attaching to the home? While a bankruptcy would extinguish the effects of a judgment, at this time and into the future, bankruptcy is not an option.
I would be most appreciative, if someone can suggest a viable solution, or point me in the right direction to address and hopefully resolve this potential issue.
Thanks,
Jeff