Legal Question in Wills and Trusts in New Jersey
If a person who may be under investigation transfers all their assets to a trust account, can the the bank records for the trust be obtained?
Asked on 2/02/12, 4:41 pm
1 Answer from Attorneys
Ronald Cappuccio
Ronald J. Cappuccio, J.D., LL.M.(Tax)
Yes, such a transfer would be deemed a "Fraudulent Transfer" under NJ law and in most States. The person should immediately contact and estate and tax lawyer to work on asset protection.
I hope this helps!
Ron Cappuccio
www.SaveYourEstate.com
Answered on 2/02/12, 8:32 pm
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