Legal Question in Real Estate Law in California

Re: Individual Judgement against a property held in Trust

Yes.

JOEL SELIK Attorney at Law

800-894-2889 760-479-1515 702-243-1930

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Re: Individual Judgement against a property held in Trust

I revocable trust does not shield your assets. A judgment against one of the settlors of the trust also affects anything belonging to one of the settlors of the trust.

Re: Individual Judgement against a property held in Trust

Generally yes. There may be other means of protection the trust can offer, however, under the most basic of terms, I must agree with co-counsel. The court will NOT let you use a trust for the sole purpose of hiding assets. It will view it in a manner similar to a "straw", "dummy" or "shell" company.

Please feel free to review some basic trust information on our firm's site at www.No-Probate.com.

If you would like us to review the terms of your trust and give you a better reading and possibly some recommendations, please feel free to contact our office at 626-578-0708.

Thank you,

Scott

Re: Individual Judgement against a property held in Trust

Yes, if the judgment debtor is the trustor of the trust. A revocable trust is for the purposes of estate planning, not asset protection.