Legal Question in Personal Injury in Maryland
Is it too late to put a house in LLC upon hearing of an accident in case of a suit?
Asked on 1/18/18, 5:29 pm
1 Answer from Attorneys
Cedulie Laumann
Arden Law Firm, LLC
Maryland law forbids fraudulent conveyances, essentially meaning that someone who thinks a creditor may be coming after assets cannot quickly transfer those assets to another person/party to avoid collection.
To either plan in advance to protect assets or to deal with a threatened suit/judgment, you're encouraged to seek legal counsel as soon as possible.
Answered on 1/23/18, 3:28 pm