Legal Question in Wills and Trusts in Missouri
If your real estate, cars and other property is in a revocable living trust can it still be repossessed or attached in anyway?
Asked on 12/09/13, 6:53 pm
1 Answer from Attorneys
Anthony Smith
LawSmith
repossessed indicates that there is a lloan secured by a lien. in that case, the property cannot be effectively transferred to a trust. if the loan is made after the property is in the trust, that the repo would be against the trust. But, if you're asking about a creditor collecting against unrelated property, they probably cannot. However,your creditor might be able to collect on your interest in the trust. So, it is important how your trust is drafted. An off the internet trust form might make it easier for your creditors to get your stuff, than if you had no trust.
Good luck
Answered on 12/09/13, 7:37 pm
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