Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are new transfer documents needed to transfer assets already in a revocable trust to a NOST?

April 26, 2017assets documents needed nost Revocable transfer Trust

0

Posted

Are new transfer documents needed to transfer assets already in a revocable trust to a NOST?

1 Answer

0

Posted

Yes, you will need to transfer the assets you wish to protect into the NOST. Without the appropriate transfer documentation, those assets which you intend to transfer into a NOST would remain vulnerable to creditor attack.