Legal Question in Civil Litigation in New York
Can I transfer property
I have a friend who ownes property and is being sued for physical damages can he transfer the deed of the house and cars to one of his daughters before it goes to court.
2 Answers from Attorneys
Re: Can I transfer property
Yes, he can. But it should be done quickly and use a particular form to avoind the 'fraudulent conveyances act'.
Re: Can I transfer property
There are proper and improper ways to do what you refer to. From your question I can't tell what exactly you are contemplating, but all else being equal, you can transfer assets to your daughter.
If the transfer is not a real one, and done solely to escape judgment creditors
or before filing for bankruptcy (the two situations are different) it is possible that the transfer could be set aside or voided, or in the case of a bankruptcy proceeding, the court could deny a discharge.
Before any sort of re-organization of assets
to avoid liability, consult an attorney.
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