Legal Question in Credit and Debt Law in Florida

I live in Florida and have a judgement against me from a credit card company. My elderly parents want to name me as a co trustee for their living will (along with themselves). They want to put all their assets (bank accounts, real estate property, stocks, bonds and 401) into this trust. Can my judgement creditor come after my parents assets after I am listed as a co trustee - even though they are still alive? All assets put into the trust would be from them - nothing from me. I am worried that they (creditors) will start to drain my parents bank accounts, levy a lien on their home or car even though the debt is not theirs, but simply because my name is on it now as a co trustee. I hope I am clear with my question. Any advice would be greatly appreciated!


Asked on 3/14/16, 10:42 am

2 Answers from Attorneys
David Slater David P. Slater, Esq.

No, you are not the owner.

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Answered on 3/14/16, 12:50 pm
Lucreita Becude Lucreita D. Becude, P.A.

No and Trusts are not recorded. The only time a creditor will come after any money, is when you actually receive money and place in an institution that they can get their hands on.

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Answered on 3/15/16, 7:09 am


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