My dad was convicted and sentenced to 71 months in federal prison last Thursday (Nov 1st). As part of his sentence, the court also entered a money judgment of $2.1 million. He was also ordered to pay $1,318,892.83 in restitution, and a fine of $100,000. We now have to forfeit all assets that my dad has acquired during that time of illegal activity (properties (house, office building) and cars).
The current issue I have now is that my dad is on 3 accounts with my sister that total about 50k. My sister's car is also jointly owned with her and my dad. Are we entitled to these money and asset? Could we safely go and withdrawal and spend the 50k?
Should I obtain legal counsel to represent my sister and I in the forfeiture? Is it worth fighting for the contents of the house, money and cars?My dad's building is worth about $1million, however $500k of the equity is indebted to someone else. He also has a lot of expensive printing equipment in the office building that could sell for possibly another $300k or more. Our house is worth about $450k. We have 3 cars, 2001 acura, 2008 VW Jetta, and a leased Hyundai. Last question, could I take over a lease from someone that is incarcerated?