Help! Need smart VA lawyer (or financial adviser)to help protect my sister from husband's debts

[Anonymous]

Anonymous wrote:Virginia is a tenancy by the entirety state. If your house is owned this way his creditors can't touch it. Most states no longer have this for obvious reasons but virginia does. I know personally that there are many ways for her to avoid being on the hook for any debt that he incurs. Setting things up for that purpose is a very common thing, particularly if one spouse owns a business.

Yeah, that's why I said don't worry about the house. Far more important to quickly separate liquid assets / financial accounts.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Virginia is a tenancy by the entirety state. If your house is owned this way his creditors can't touch it. Most states no longer have this for obvious reasons but virginia does. I know personally that there are many ways for her to avoid being on the hook for any debt that he incurs. Setting things up for that purpose is a very common thing, particularly if one spouse owns a business.

Yeah, that's why I said don't worry about the house. Far more important to quickly separate liquid assets / financial accounts.

Yes but not all homes are set up this way as it has to be specifically stated. One of the first things I would do is look into it and if it not tenancy by the entirety set it up that way. I agree that all other assets should also be put in her name immediately. I also think she should consider a post-nuptial agreement with a separate will providing for each other. If the spouses are in agreement this is all quite simple.