Legal Question in Wills and Trusts in California

Trusts and/or Corporation

Will a trust protect my real estate from personal claims against me? If not, should I incorporate. Can the corporation be transferred to the trust?


Asked on 7/10/07, 3:58 pm

1 Answer from Attorneys
Donald Field Donald L. Field, Jr., Attorney at Law

Re: Trusts and/or Corporation

a revocable trust will not protect you. using an irrevocable trust involves giving up ownership of your assets. an llc may be preferable to a corporation for real estate holdings. you should retain an attorney experienced with asset protection planning and implementation.

see also:

http://www.taxrights.com/assetprotection.htm

Read more
Answered on 7/13/07, 11:21 am


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