Legal Question in Wills and Trusts in Illinois

creditor of trustee

can a revokable living trust account be attached by a creditor of the trustee to force payment of bills

payment of bills which the trustee owes?


Asked on 11/15/06, 9:51 pm

1 Answer from Attorneys
Jeffrey R. Gottlieb Law Offices of Jeffrey R. Gottlieb, LLC

Re: creditor of trustee

It depends entirely on what kind of powers and beneficial interests the trustee has in the trust, and on who who exactly incurred the debts.

If the trustee is also the grantor who has the power to revoke then the trust assets are not shielded from the creditors of the grantor/trustee.

There are a lot of variables. For a specific answer you should have an attorney review the situation.

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Answered on 11/15/06, 10:21 pm


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