Legal Question in Bankruptcy in Florida
in florida if I am in bankruptcy- is spendthrift trust safe from creditors ?
Asked on 5/18/18, 11:20 am
1 Answer from Attorneys
Levi Wilkes
Levi Lawrence Wilkes, Attorney-at-Law, PLLC
There are spendthrift clauses placed into trusts for the purpose of keeping the assets from creditors however the validity of the clause and the trust depend on the type of trust, language within the trust, and the circumstances involved. Accordingly, an answer cannot be given at this time.
Answered on 5/21/18, 7:20 am
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