Legal Question in Wills and Trusts in New York

i have an Irrevocable Trust would my property and bank accounts be secured because of having this trust?


Asked on 12/13/11, 3:45 pm

1 Answer from Attorneys
Walter LeVine Walter D. LeVine, Esq.

I have not seen the document, but a general answer is that a true irrevocable trust can protect assets, although there are some exceptions like transfers in fraud of creditors and retained interests.

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Answered on 12/14/11, 10:28 am


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