Sued in Florida
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Sued in Florida
If a someone had a business in another state that does get sued from time to time loose their second home in Florida? Can their home in Florida be attached to the law suet?
Asked on June 26, 2009 under Real Estate Law, Florida
Answers:
J.M.A., Member in Good Standing of the Connecticut Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
I am a lawyer in CT and practice in this area. If the houses are both in your name, then they can be liened to secure payment of any judgment. I suggest forming 2 separate limited liability companies and transferring the property into the LLC's so that no mater what happens to you, the houses cannot be touched. This can be done faily cheaply and will be worth it if and when you are sued. I suggest going to see a lawyer to help you set this up.
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