Certain trust are protected from creditors. And more specifically it’s the assets inside of the trust that are protected.
Certain types of trusts are not safe from creditors. For example, a revocable living trust is one of the most common types of trusts and it is not protected.
One of the most well-known and common trusts that is protected from creditors is an asset protection trust.
Colin Ley is an asset protection attorney and the creator of the PREP Trust®. He is also the co-founder of LayRoots (along with with partner in life & business – Shreya Ley)
Want to protect yourself from stupid lawsuits? Let’s talk about your asset protection strategy: book a free initial consult
