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Quit claim property to keep it safe from creditors

Posted on: 21st Jul, 2009 04:13 pm
Can we quit claim a second home in order to keep it safe from creditors?
pennie, you always run the risk of having such a transfer being construed as a fraudulent transfer. you can certainly transfer title to a property at any time, as an owner, but you need to be careful that you do so without there being an obvious attempt to dodge your creditors.

in any event, if you have serious questions about your liability, consult with an attorney.
Posted on: 22nd Jul, 2009 11:05 am
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