creditor of trustee
can a revokable living trust account be attached by a creditor of the trustee to force payment of bills
payment of bills which the trustee owes?
Asked on 11/15/06, 9:51 pm
1 Answer from Attorneys
Jeffrey R. Gottlieb
Law Offices of Jeffrey R. Gottlieb, LLC
Re: creditor of trustee
It depends entirely on what kind of powers and beneficial interests the trustee has in the trust, and on who who exactly incurred the debts.
If the trustee is also the grantor who has the power to revoke then the trust assets are not shielded from the creditors of the grantor/trustee.
There are a lot of variables. For a specific answer you should have an attorney review the situation.
Answered on 11/15/06, 10:21 pm
