Legal Question in Wills and Trusts in Texas

Trust to protect assets from seizure

I may have a bankruptcy case. Is there a way to protect my assets by changing my revocable living trust to another type trust with my children as trustees/owners, or whatever?


Asked on 6/29/07, 12:02 pm

1 Answer from Attorneys
Arthur Geffen Arthur H. Geffen, P.C.

Re: Trust to protect assets from seizure

Generally speaking such a transfer in contemplation of bankruptcy would be considered fraudulent and set aside. You should check with a bankruptcy lawyer because the Texas and Federal Exemptions are very generous.

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Answered on 6/29/07, 12:07 pm


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