hello all,
I am the partial owner of a house along with 1 sibling and my parents. currently I am the only owner residing in the property that is shared. recently I received a letter informing me of a suit against me for 5000 dollars for file sharing. as the files were shared from my I p address and the internet service is billed to my name, I am hoping to find some feasible form of asset protection. so far I've come across the grant deed forms online, however, I would prefer not to fully relinquish my share in the property. is it realistic to make use of some sort of asset protection trust in order to keep my share of the property from being put in jeopardy? If not, are there other courses of action I may pursue which could aid in protecting the property from this lawsuit or any other problems that may arise in the future, while preserving my legal ownership of the property?
Thanks in advance for any advice.
I am the partial owner of a house along with 1 sibling and my parents. currently I am the only owner residing in the property that is shared. recently I received a letter informing me of a suit against me for 5000 dollars for file sharing. as the files were shared from my I p address and the internet service is billed to my name, I am hoping to find some feasible form of asset protection. so far I've come across the grant deed forms online, however, I would prefer not to fully relinquish my share in the property. is it realistic to make use of some sort of asset protection trust in order to keep my share of the property from being put in jeopardy? If not, are there other courses of action I may pursue which could aid in protecting the property from this lawsuit or any other problems that may arise in the future, while preserving my legal ownership of the property?
Thanks in advance for any advice.