Legal Question in Wills and Trusts in California
House trust
Hi...
I would like to know if putting my house in a trust will protect it from such unforeseen events such as serious illness not covered by health insurance, or lawsuits against my business (sole proprieter) not covered by my liability insurance. Just trying to cover all bases!
Thank you
Kim
3 Answers from Attorneys
Re: House trust
By "trust", you probably mean a revocable living trust. If so, then such trusts do not provide any asset protection. An irrevocable trust may provide such protection, if properly drafted and appropriate for your situation.
Re: House trust
Not a Living Trust.
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Re: House trust
it might be possible so long as the trust is irrevocable.