Legal Question in Real Estate Law in Indiana
real property
if my husband makes a bad investment decision can i lose property that my father deeded to me before he died. i have no mortgages or leins against this property and i am worried that if his business venture goes bad and he cannot pay his debt to the bank can they take my dads property.
Asked on 9/10/06, 7:59 pm
1 Answer from Attorneys
C. David DuMond
Law Offices of David DuMond
Re: real property
If the property you inherited from your father remains in your name alone, and you never conveyed an interest in the property to your husband, then your husband's business debts cannot be enforced against your separate property. I suggest you confer with a local attorney experienced in real property law to devise a way to keep your husband or his creditors from fraudulently using the property as collateral. Good luck.
Answered on 9/11/06, 11:06 am
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