I am frequently asked whether a living trust is an effective way to protect assets from creditors. A living trust does protect the trust assets against claims by the creditors of the trust beneficiaries, but it does not protect the assets against claims by creditors of the owner of the trust.
I have drafted an article with 10 Tips to Protect Your Asset From Creditors and Lawsuits, and posted it on my website. These tips are simple things you can do to reduce your exposure to lawsuits and creditors. I hope you find this information useful.
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