Fort Myers, FL asked in Personal Injury for Florida

Q: Assets in a revocable trust- are they safe from law suits as a result of an accident

Related Topics:
1 Lawyer Answer

Heather A. Harwell

Answered
  • Wesley Chapel, FL
  • Licensed in Florida

A: If you are a grantor, assets in a revocable trust are not protected from your creditors, including law suit judgments. Generally, if you are the beneficiary, and the irrevocable trust is properly drafted the assets are protected from your creditors, including law suit judgments, until distribution to you.

***Ms. Harwell is licensed to practice law in Florida. In accordance with the Justia community guidelines, this communication does not constitute "legal advice", nor does it form an attorney-client relationship. This communication is provided for the purpose of general informational purposes only. Additional facts and information pertaining to the relevant question above could significantly change this response and make it inapplicable to your personal circumstances. Many attorneys offer free consultations and

Ms. Harwell strongly advises that you take advantage of this opportunity to discuss your particular situation in detail and obtain legal advice most suited to your personal situation.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.