Articles Tagged with living trusts

Now may be an excellent time to attack a common misunderstanding about living revocable trusts:   These trusts do not protect your assets if you are sued.   If you can be sued, your revocable trust can be sued.

Some people believe that the living trust is like a “pink pill” solution:  it solves everything.   While the living trust is a powerful legal instrument that virtually every person should have because, among other benefits, it minimizes or prevents the intervention of a court into your personal or financial affairs, it does not solve all legal problems.

Specifically, the living revocable trust is not an asset protection entity.   If you have any concern that you might be sued due to a foreclosure or some other matter, I would  advise you to schedule an asset protection consultation with this firm.  There are many options to consider.