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This is an important question to ask if you have a trust or plan to create one yourself or with your attorneys. 💎 When you transfer assets into an irrevocable trust, you give up ownership or control over them. That makes it difficult for a creditor to sue the trust💎 Suing the trustee of a trust happens even if the trust is revocable or irrevocable. If you named yourself as the trustee of your revocable trust, then you could face a lawsuit for debt collection.💎 Trustees holds a significant res
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This is an important question to ask if you have a trust or plan to create one yourself or with your attorneys. 💎 When you transfer assets into an irrevocable trust, you give up ownership or control over them. That makes it difficult for a creditor to sue the trust💎 Suing the trustee of a trust happens even if the trust is revocable or irrevocable. If you named yourself as the trustee of your revocable trust, then you could face a lawsuit for debt collection.💎 Trustees holds a significant res
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