Legal Question in Wills and Trusts in California

Re: texas joint stock and living trust

You're not going to like one on Wednesday and I expected e-mailed back scolding me. I've been practicing thirty years and have attempted over those years to deal with asset management, asset preservation etc.. You see I don't practice bankruptcy law and I have always been of the conclusion that if I do people money I'm going to try and pay that money back as best I can. If I screwed up, I take the consequences for my screwup's. Now based upon your question you wanna be able to get out scout free. Personal I've never heard of this Texas company and I've been doing estate planning for these thirty plus years. I don't think there's anything that anyone has thought up yet that I can't years so that my clients ultimately get paid the moneys they are due. I've found skeletons in the closet, property in the names of others, offshore corporations and other kinds of businesses, transfers and fraud of creditors and I can continue on. What I am telling you it is there is always someone like me who represents the landlord, the creditor or whomever pool sinks and their teeth into the debtor and won't let go until the debt is paid. By that point not only is the debt paid but you pay interest, attorney's fees and a lot more than you can ever imagine. Elise understand how this lawyer feels.

Re: texas joint stock and living trust

If it seems too good to be true, it probably is. It also sounds like the company may be encouraging you to commit various acts of fraud; I would get a second (or even third) opinion.

Re: texas joint stock and living trust

What you are trying to do is hide your assets when you know you have a claim against you. This will be a violation of the Fraudulent Transfer Act, and not only subject you to the probability of having to pay the debts, but also be faced with civil fines and possibly criminal fines.