Among other strategies, the trusts that would be used to protect assets would be irrevocable trusts. With this type of trust, you surrender the incidents of ownership. As a result, the assets in the trust would not be in play if you were to become the target of a lawsuit. Learn more about revocable living trust protect assets in this presentation.
Latest posts by Timothy P. Murphy (see all)
- Is It Hard to Contest a Will? - January 15, 2019
- What Are the Rules of Intestacy in California? - January 13, 2019
- Estate Planning for Adult Children Suffering from Alcoholism - January 11, 2019