Can plaintif get my business funds

[good things]

What is the name of your state California

I recently closed my small business after 32 years and managed to sock away some cash.
I started my business in 1976 and got married in 1990.
I have always been the only owner on this account, and am still sole owner/proprietor of the online business.

My husband is being hammered by a malicious civil suit, and my question is: Can the plaintif get hold of my money even though it is under my company name, my husband and I naver co-mingled these funds, he is not a signer on the account, and I have had the same account (number) at the same bank since 1976.

The mediation is looming and I sure could use some advice.

Thank you!

 

[Antigone*]

What is the name of your state California

I recently closed my small business after 32 years and managed to sock away some cash.
I started my business in 1976 and got married in 1990.
I have always been the only owner on this account, and am still sole owner/proprietor of the online business.

My husband is being hammered by a malicious civil suit, and my question is: Can the plaintif get hold of my money even though it is under my company name, my husband and I naver co-mingled these funds, he is not a signer on the account, and I have had the same account (number) at the same bank since 1976.

The mediation is looming and I sure could use some advice.

Thank you!

What is yours is his; and what is his is yours - that includes the debt.

You should have incorporated to completely separate the business from the personal.

 

[good things]

Ira

Would it make a difference if I put some of the cash in my personal IRA?

 

[Rexlan]

Not now ... that is a fraudulent transfer. Hiding assets to avoid litigation won't work. If this were possible then there would never be any settlement ... we could just play hide with the assets to make it go away ... doesn't work that way.