More logistical questions: legal and such - putting eveything in wife's name?

Status
Not open for further replies.

Pearl

Active member
Joined
Aug 20, 2006
Messages
77
Reason
Friend was DX
Country
US
State
Georgia
City
Atlanta
Hi, just trying to help out a couple facing all these issues.

Does anyone have any recommendations regarding assests (house, car, bank accounts, etc...) and whether or not it makes any sense to put all those things in the healthy spouse's name only...or keep it all in the ALS spouse's name only? Or keep it as joint with survivorship (sp?) ?

What if the couple is facing a possible bankruptcy?

Any suggestions or insight?
 

caregiver0204

Member
Joined
Jun 15, 2006
Messages
27
Reason
Loved one DX
Country
US
State
nv
City
carson
I would recommend a trust, that way everything will be handled as requested.
 

paula B

Active member
Joined
Jul 23, 2006
Messages
87
Reason
PALS
Country
US
State
wisconsin
City
seymour
This is to important of an issue,,i would think an attorney would be the best to ask.
 

rcharlton

Moderator emeritus
Joined
Jun 20, 2005
Messages
610
Reason
PALS
Diagnosis
11/2005
Country
CA
State
Ontario
City
Toronto
You should speak with a lawyer.

Are you both jointly liable to pay your household debts? Or are the debts in one name?

If you are facing bankruptcy already - it may be too late to start creditor proofing (at least it would be in Canada).
 

Pearl

Active member
Joined
Aug 20, 2006
Messages
77
Reason
Friend was DX
Country
US
State
Georgia
City
Atlanta
I think some solutions have been discovered to avoid liquidation. Probably the attorney thing is the best at this point. Thanks.
 
Status
Not open for further replies.
Top