Legal Question in Personal Injury in California
trusts and lawsuit
If one has all their assets in a trust and is sued, can the other party go over the assets in the trust (if one is sued professionally and/or personally
Asked on 6/01/07, 1:11 pm
2 Answers from Attorneys
Jonathan Stein
Law Offices of Jonathan G. Stein
Re: trusts and lawsuit
It depends on how the trust is set up. You need to talk to an estate planning attorney about this issue.
Answered on 6/06/07, 3:21 pm
Gregg Gittler
GITTLER & BRADFORD
Re: trusts and lawsuit
If you are being sued personally, and the trust is a revocable trust, yes.
Otherwise, maybe, depending on a number of factors. You need to consult with an attorney to go over all of the details of how and when the trust was created and funded, and the nature of the obligation on which you are being sued.
Answered on 6/06/07, 8:58 pm
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