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Are assets in a LIVING TRUST protected from creditors?

April 26, 2017assets Creditors Living trust protected

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Are assets in a LIVING TRUST protected from creditors?

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So long as the Trust may be revoked or amended by you, the assets are subject to the claims of your creditors. However, there are types of trusts that give creditor protection. For example, you may set up irrevocable trusts for children and protect the assets from the children’s creditors.