Question 11: Creditors and Living Trusts?
- Will a Living Trust shield my property from creditor claims? No. It may slow your creditors down some, but it will not provide lasting protection from creditor claims. For protection from creditors we recommend that you (a) obtain a good liability insurance policy and (b) pay your debts on time.
- For additional information on this question, see blog discussion here.
Wit & Wisdom
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