Legal Question in Real Estate Law in Florida
I'm considering transferring a car title to my stepdaughter
What's my &/or my wife's liability if my step daughter has at-fault accident & the car's owned by either me, my wife or my stepdaughter (in each case)?
Which is best scenario to protect my assets?
She 'd be insured with our insurer under her own policy as part of household
She's 17 (18 soon)
I didn't adopt her
She lives at home
I have title to my house (only property)
My wife isn't in house title
We don't own any real estate separately or in common
We've been married 7 years
We file as married filing jointly & stepdaughter as dependent
In case of accident, what's my personal & asset liability directly &/or through wife?
Is transferring title to wife a better option?
1 Answer from Attorneys
If you are the owner, you are responsible. Transfer title.