Legal Question in Business Law in Alaska
Can trust assets be liened?
I have my assets in a revocable living trust. If a judgment is obtained against me, can any of these assets be liened or attached? This judgment would be from a disputed bill for services.
Asked on 11/20/04, 6:23 pm
1 Answer from Attorneys
James Szender
Law Office of James R. Szender
Re: Can trust assets be liened?
Yes. A "living", or revocable, trust is no protection against a judgment execution or lien. For that, you would have had to place the assets in an irrevocable Alaska asset protection trust PRIOR to the time the disputed claim arose.
Answered on 11/20/04, 8:58 pm
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