I've heard that I can protect my house from any future sue, problem with some Law. How?

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I have a Condo that has me and my brother name on it. How we can protect our house for the future ? what I mean by that is : I heard one of my friend did something to the title that the house is still hers and she owns it but if something crazy happens to her no one can come and get the house or ... I've heard attorney can change a title or do some changes so my house can be protected for any loses in the future if some crazy things happen. please help me.

Attorney Answer

1
Michael Doland ·
First, get some insurance. Next, file a "homestead" to protect $75,000 of equity (and maybe more) if the condo must be sold to satisfy some creditor claim or judgment. I am not a big fan of setting up entities for asset protection, (and certainly not by yourself since 99% of those LLCs and corporations are defectively formed and of no use. Apparently I'm in a big minority, but I have my good reasons.
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