Many people believe the trust protection myth, i.e. they believe that once they create a revocable living trust and change the ownership of their accounts and property from themselves as individuals to their trust, those accounts and property are protected from lawsuits. This is not true. While trusts commonly protect a beneficiary’s inheritance, few trusts […]
The Trust Protection Myth: Your Revocable Trust Protects Against Lawsuits, By Austin Estate Planning Attorney Liz Nielsen
