Can A Revocable Trust Protect Assets Against Lawsuits?

Revocable TrustPeople often mistakenly believe that their revocable trust can protect their assets from lawsuits.  When assets are transferred into your trust, they are still within your control.  You can sell, invest or give away the assets.  Your revocable trust is simply a mirror image of you – you are the creator of the trust, the beneficiary of the trust, and the trustee of the trust.

Typically, a revocable trust is used i) as part of an incapacity plan in case you become incapacitated, ii) to avoid probate, or iii) to keep the details of your estate plan private.

If you want to protect your assets against lawsuits, then you and your attorney will have to create an asset protection plan.


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About Nicole K. White

After losing a close relative, Nicole witnessed the devastation, enormous expense and chaos caused by not having a simple estate plan. It is Nicole’s mission to educate parents, especially single parents, about protecting themselves, their families, minor children, and assets with comprehensive Estate Planning.

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