How to transfer assets to spouse to protect from lawsuit?
My business consistantly attrack lawsuits. So far, all lawsuits against me are all dropped after settlement, because I could not afford going on trial and lose. If I have no asset, I will take on the lawsuits myself, because I think the cases are all favoring me. I was already trying to reduce the risk by shifting most of my assets overseas and by incorporating in foreign countries.
But I want to enjoy my assets where I live, so the only thing I can think is to transfer everything to my wife and she pays my spending bills.