Legal Question in Wills and Trusts in New York

Does a Trust Fund protect your money in that fund from creditors and if so, to what degree?


Asked on 12/02/12, 6:24 am

3 Answers from Attorneys

Roman Aminov Law Offices of Roman Aminov

Maybe yes, maybe no. That answer really depends on the terms of the trust,the state in which it was established, who the grantor/trustee/beneficiaries are, and for what purpose it was set up. I would have an attorney review the trust to answer that important question.

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Answered on 12/02/12, 7:24 am
David Slater David P. Slater, Esq.

Not if is to merely avoid creditors.

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Answered on 12/02/12, 8:50 am
Walter LeVine Walter D. LeVine, Esq.

Possibly, if the trust is irrevocable, was not created solely to avoid creditors claims, and the debtor has no interest as a beneficiary.

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Answered on 12/02/12, 9:20 am


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