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Barrister, Attorney
Category: Estate Law
Satisfied Customers: 37357
Experience:  16 yrs estate law, real estate. Wills/Trusts/Probate
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Can I protect property by putting it into an irrevocable

Customer Question

Can I protect property by putting it into an irrevocable trust?
Submitted: 1 year ago.
Category: Estate Law
Expert:  Barrister replied 1 year ago.
Hello again,.Yes, an irrevocable trust would protect assets from creditors as long as there was no fraud involved. The general rule is that if you are sued, anything that was transferred up to 6 months earlier could potentially be considered a fraudulent transfer if the purpose was to get it out of your name before you are sued...thanksBarrister