Sorry the title should read:
"Husband is sued, is wife's share **OF** property at risk?"
Assuming a standard 50/50 ownership between married couples. If they own a $1m property jointly and the husband is successfully sued for $600k, is the wife's share at risk? Or are the courts only able to get 500k max, and the husband would need to find the remaining amount elsewhere?
This assumes the wife shares no legal responsibility and is an innocent party.
"Husband is sued, is wife's share **OF** property at risk?"
Assuming a standard 50/50 ownership between married couples. If they own a $1m property jointly and the husband is successfully sued for $600k, is the wife's share at risk? Or are the courts only able to get 500k max, and the husband would need to find the remaining amount elsewhere?
This assumes the wife shares no legal responsibility and is an innocent party.
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