January, 2024

Can a Revocable Living Trust Provide Asset Protection from Creditors?

By Jackson Law Group
January 3rd, 2024

Posted in Asset Protection,Probate & Trust Administration,Wills, Trusts & Estate Planning

A revocable living trust generally does not provide asset protection from creditors for the person who creates the trust (the grantor/settlor/trustor). Because the grantor retains control over the assets and can revoke the trust at any time, creditors can often reach into the trust to satisfy the grantor’s debts. Here’s why a revocable living trust typically does not offer creditor protection:

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