Asset Protection for Parents - Are Your Children A Lawsuit Exposure?

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Asset Protection, Are Your Children A Lawsuit Exposure?

We all like to think our kids are better behaved, smarter, and more sensible than the ones we see in the news or read about, but their exposures are unpredictable and often arise from mundane activities you never dreamed would be an issue.

In a previous article, we discussed Financial Literacy for Your Children and part of that discussion must include a detailed explanation of the fact that Mom and Dad are personally financially responsible for any harm, damage, or loss cause by their minor children.

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Published In: Civil Remedies Updates, Education Updates, Wills, Trusts, & Estate Planning Updates, Personal Injury Updates, Family Law Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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