Legal Question in Real Estate Law in Texas

property and liability

if you place your property in a family trust can anyone else get the property such as a lawsuit or personal injury claim


Asked on 11/16/08, 3:54 pm

2 Answers from Attorneys

Cheryl Rivera Smith The Smith Law Firm

Re: property and liability

It depends on the trust and how it is prepared. It also depends on dates and circumstances of events. You should consult an attorney.

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Answered on 11/16/08, 3:58 pm

Re: property and liability

There's no sure fire 100% answer on this. It's similar to asking "if I wear a seatbelt, will I survive an accident?" Possibly, but not if you drive off a cliff, get hit by a large truck, etc. Family trusts, FLPs, etc., can be useful in asset protection plans, but it should be part of a comprehensive plan.

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Answered on 11/16/08, 4:06 pm


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