Estate Law Questions? Ask an Estate Lawyer.
Thank you for using JA. I am Loren, a licensed attorney for over 30 yrs. Thank you for your patience as I review your question. I will post my response shortly.
Be aware, however, this is general information and no attorney client relationship is established.
The site may ask you if you wish to speak by phone for an extra charge. While I am happy to speak to you, if you wish, I am also happy to continue online. So, there is no pressure to spend extra money. Some people just prefer the speed of a phone call and that the information not be posted on the public forum.
So long as you have no control over the assets in the trust and it was properly drafted and funded, the trust should provide protection from any claims against you personally.
The reason is that the trust is viewed as a separate entity from you and therefore, it is not liable for claims against you. So, the landlord will not be able to attach any assets titled to the trust for claims against you, even if the get a judgement against you.
You are very welcome.
If you have no further questions, and have not yet done so, please remember to leave a favorable rating (click 5 stars in the rating section on this page). It is the only way that I am credited by JustAnswer for answering your question.
There is no additional charge to you for rating me favorably.
A bonus is not expected, but is always appreciated.