Power Of Attorney And Account Garnishment

[ozzy612]

My question involves judgment recovery in the State of:Florida

I am the sole debtor in a judgment. If my wife opens a brokerage account under her name alone but gives me power of attorney to trade her account, can the creditor garnish her account? I am assuming they can not because the account is in her name alone and therefore it’s her money. I am just given permission to trade her money. Am I assuming correctly?

[Mr. Knowitall]

Your creditor may try to convince a court that it's really your account and you're hiding behind your wife's name. If the court agrees, it can authorize garnishment.

[Betty3]

The creditor most likely will go after anything with your name involved. It will then have to be proven by you/your wife to the court's satisfaction that the assets/money in the acct. is your wife's only.