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Ellen, Attorney
Category: Bankruptcy Law
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Experience:  Bankruptcy Lawyer. Experienced.
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I manage a family trust in which my sister and I are beneficiaries.

Resolved Question:

I manage a family trust in which my sister and I are beneficiaries. She has a small business in California that's in trouble. If she files bankruptcy, will her creditors have a claim against the family trust or is it considered exempt?
Submitted: 7 years ago.
Category: Bankruptcy Law
Expert:  Ellen replied 7 years ago.

The trustee in bankruptcy will have a claim to whatever your sister has a right to claim. No more and no less. If she can demand money from the trust, so can the trustee in bankruptcy.
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