Would Putting an Inheritance into a Living Trust Help Me Keep My Assets if I Have a Pending Lawsuit Against Me?

While Standard Legal cannot speak directly to a specific personal situation, generally cash money or other highly-liquid assets placed or maintained in a revocable Living Trust are not exempt from creditors and their collection efforts.

If a judgment is rendered against you in a lawsuit, the holder of that judgment becomes a creditor. That creditor can look to the courts to obtain assets from you, including assets in a Trust — especially if the trust is deemed to have been created simply to shield assets from collection.

If you need legal advice to best manage the personal situation described, you can find a local attorney for FREE at Standard Legal’s Attorney Find page.

To easily create a valid Living Trust using do-it-yourself legal forms software, see Standard Legal’s Living Trust legal forms software page.