Legal Question in Credit and Debt Law in California

Medical bills and pre-bankruptcy planning.

How can I structure buying rental homes so those properties would be protected from the possibility of overwhelming medical bills if something unforeseen happened to me.

I live in California, but properties would be bought in other states for example Florida and Indiana.

Other info: Tenancy by the entirety would not be possible as I do not know if I will always be married. I do not have any family or friends that I could put the property under.


Asked on 1/31/12, 3:24 pm

1 Answer from Attorneys

David Gibbs The Gibbs Law Firm, APC

Pre-Bankruptcy planning is not legal in most cases - particularly in the sense you describe. My interpretation of the post is that you are seeking to hide or shield assets from a bankruptcy or from your creditors. The only legal means of doing that is to establish some form of asset protection trust. You need to find an attorney who practices in the field of asset protection to determine if this is even legal, or possible in California.

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Answered on 2/02/12, 3:25 pm


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