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

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1 Lawyer Answer
Heather A. Harwell
Heather A. Harwell
  • 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.

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