What are two ways to protect your children's inheritance or the wrong way to title a car?

Hi, I'm attorney Amber Jade F. Johnson, and you need to know two ways to protect your family's inheritance, or we could call this "The wrong way to title your car". Most couples come into my office and they have their cars titled jointly. Which means, if one of them is on the highway and causes a 12 care pile up, and kills the baby, that that one is going to get sued as the driver of the vehicle, but the other spouse who is the other owner of the vehicle, gets sued as the owner of the vehicle. Which means that the creditor can reach all of their assets, whether they're individually owned by either one of them, or jointly owned together. In order to protect your family's inheritance, it's best to keep your cars titled solely in the name of the person who drives the vehicle. 
                    
The second thing is to make sure that you always carry an umbrella. An umbrella policy is a rider on your auto insurance policy, and it provides an extra layer of protection over and above your basic auto insurance. This provides a nice buffer so that the creditor could not reach through and get to your savings account, or to your checking account, and potentially to your investment accounts, or second or third homes. It's a very simple way to protect your family's inheritance, keep and umbrella policy on your autos at all times, and keep those titles only in the name of the person who's going to drive the car. 
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