What assets can be lost in a legal dispute? Posted on July 02, 2011

My husband and I co-signed for our son's house. If he is involved in a legal dispute (as in a personal injury accident or the like) and his assets are "attached" are we liable as well? Can we lose our own house, savings, etc? My husband's name is on his mother's bank accounts. Could those be in jeopardy as well?

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