Legal Question in Real Estate Law in New Jersey

My 22-year-old stepdaughter has bad credit, so my husband signed a car loan for her, with him as the primary and his daughter is a co-signer. Step-daughter is supposed to be maintaining insurance on the car, but I don't know if she is. She's irresponsible, so it wouldn't surprise me if her insurance bill went unpaid and she didn't have coverage as a result. The car is not insured under our automobile policy. She is a distracted driver who has been known to talk on cell and text on cell while driving. She does not live with us, she lives with her biological mother. My question is this, if she hurts/kills somebody in an automobile accident, and is sued without having adequate, if any, car insurance on the vehicle, since the car is in my husband's name, can the people suing come after my husband/my home? If so, is there any way that ownership in our home can be "divided" beforehand, so that my 1/2 of the equity in the home cannot be touched? I'm scared to death of losing my home due to his daughter's irresponsbility, especially because I have a young son. Thank God, nothing has gone wrong yet, but I still lose sleep over the possibility.


Asked on 6/21/10, 11:55 am

1 Answer from Attorneys
Robert Davies The Davies Law Firm, P.A.

You really should have taken a look at this before he bought the car for her. I could take a look at it, and let you know what I find. Give me a call.

Give me a call, make an appointment to come see me, and I will go over this with you, and give you some advice.

Robert Davies, Esq. 201-820-3460

My contact information can be obtained from the links below, just click on the Attorney Profile link. Let my secretary know you found me through LawGuru.

Disclaimer: This answer is based only on the statements you have made. Your question and any response does NOT create an attorney-client relationship between you and this law firm. You can not rely on the statements made by an attorney given over the internet. The exact facts of your situation, including facts which you have not mentioned in your question, may completely change the result for your situation.

Read more
Answered on 6/21/10, 3:12 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in New Jersey