{"id":4813,"date":"2016-06-29T15:39:58","date_gmt":"2016-06-29T15:39:58","guid":{"rendered":"http:\/\/www.racinelaw.net\/?p=4813"},"modified":"2016-06-29T15:39:58","modified_gmt":"2016-06-29T15:39:58","slug":"will-trust-protect-assets-creditors","status":"publish","type":"post","link":"https:\/\/www.racinelaw.net\/blog\/will-trust-protect-assets-creditors\/","title":{"rendered":"Will a Trust Protect My Assets from Creditors?"},"content":{"rendered":"<p dir=\"LTR\" align=\"JUSTIFY\">Most trusts <b><u>do not<\/u><\/b> protect assets from a grantor\u2019s creditors. Contact an experienced estate planning attorney to review your trust documents for answers regarding the creditor protection your trust may provide.<\/p>\n<p dir=\"LTR\" align=\"JUSTIFY\">The overwhelming majority of trusts in place today are known as revocable living trusts (RLT). Most RLTs provide benefits, including the seamless transfer of control in the event a grantor becomes incapacitated or dies. Most RLTs do not protect assets from creditors even though the assets may belong to the trust (i.e., a residence is deeded to the trust). The reason for this lack of creditor protection lies in the fact that the trust is revocable \u2013 meaning, the grantor (the person(s) placing the assets into the trust) may revoke the trust, or a portion thereof, and regain direct control of the assets. Thus, the assets are available to the grantor to satisfy obligations to creditors.<\/p>\n<p dir=\"LTR\" align=\"JUSTIFY\">The Idaho Department of Health and Welfare will also consider assets belonging to an RLT as assets of the individual applying for Medicaid benefits. Generally, the assets are available to the applicant if he\/she simply revokes the trust. As a result, persons seeking Idaho Medicaid eligibility will likely not meet the Medicaid resource eligibility requirement if they simply transfer their assets into an RLT. Contact an experienced Idaho Medicaid planning attorney to plan for the long-term care of your elderly loved ones.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.racinelaw.net\/blog\/will-trust-protect-assets-creditors\/\"  title=\"Continue Reading Will a Trust Protect My Assets from Creditors?\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Most trusts do not protect assets from a grantor\u2019s creditors. Contact an experienced estate planning attorney to review your trust documents for answers regarding the creditor protection your trust may provide. The overwhelming majority of trusts in place today are known as revocable living trusts (RLT). Most RLTs provide benefits, including the seamless transfer of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,1],"tags":[],"class_list":["post-4813","post","type-post","status-publish","format-standard","hentry","category-estate-planning","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Will a Trust Protect My Assets from Creditors|Racine Olson<\/title>\n<meta name=\"description\" content=\"Most trusts do not protect assets from a grantor\u2019s creditors. Contact us, experienced estate planning attorneys, to review your trust documents 208.232.6101\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.racinelaw.net\/blog\/will-trust-protect-assets-creditors\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Will a Trust Protect My Assets from Creditors|Racine Olson\" \/>\n<meta name=\"twitter:description\" content=\"Most trusts do not protect assets from a grantor\u2019s creditors. Contact us, experienced estate planning attorneys, to review your trust documents 208.232.6101\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Racine Olson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Will a Trust Protect My Assets from Creditors|Racine Olson","description":"Most trusts do not protect assets from a grantor\u2019s creditors. Contact us, experienced estate planning attorneys, to review your trust documents 208.232.6101","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.racinelaw.net\/blog\/will-trust-protect-assets-creditors\/","twitter_card":"summary_large_image","twitter_title":"Will a Trust Protect My Assets from Creditors|Racine Olson","twitter_description":"Most trusts do not protect assets from a grantor\u2019s creditors. Contact us, experienced estate planning attorneys, to review your trust documents 208.232.6101","twitter_misc":{"Written by":"Racine Olson","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.racinelaw.net\/blog\/will-trust-protect-assets-creditors\/#article","isPartOf":{"@id":"https:\/\/www.racinelaw.net\/blog\/will-trust-protect-assets-creditors\/"},"author":{"name":"Racine Olson","@id":"https:\/\/www.racinelaw.net\/blog\/#\/schema\/person\/aa8aa04699b3ee65fb6e3d91aaa6b2bd"},"headline":"Will a Trust Protect My Assets from Creditors?","datePublished":"2016-06-29T15:39:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.racinelaw.net\/blog\/will-trust-protect-assets-creditors\/"},"wordCount":325,"articleSection":["Estate Planning"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.racinelaw.net\/blog\/will-trust-protect-assets-creditors\/","url":"https:\/\/www.racinelaw.net\/blog\/will-trust-protect-assets-creditors\/","name":"Will a Trust Protect My Assets from Creditors|Racine Olson","isPartOf":{"@id":"https:\/\/www.racinelaw.net\/blog\/#website"},"datePublished":"2016-06-29T15:39:58+00:00","author":{"@id":"https:\/\/www.racinelaw.net\/blog\/#\/schema\/person\/aa8aa04699b3ee65fb6e3d91aaa6b2bd"},"description":"Most trusts do not protect assets from a grantor\u2019s creditors. Contact us, experienced estate planning attorneys, to review your trust documents 208.232.6101","breadcrumb":{"@id":"https:\/\/www.racinelaw.net\/blog\/will-trust-protect-assets-creditors\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.racinelaw.net\/blog\/will-trust-protect-assets-creditors\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.racinelaw.net\/blog\/will-trust-protect-assets-creditors\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.racinelaw.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Will a Trust Protect My Assets from Creditors?"}]},{"@type":"WebSite","@id":"https:\/\/www.racinelaw.net\/blog\/#website","url":"https:\/\/www.racinelaw.net\/blog\/","name":"Idaho Law Blog","description":"Published by Boise Attorneys \u2014 Racine Olson","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.racinelaw.net\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.racinelaw.net\/blog\/#\/schema\/person\/aa8aa04699b3ee65fb6e3d91aaa6b2bd","name":"Racine Olson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/195091aa7c1a8d686cee20a0c78fd345b826886ec2fc90ae360e059a7b83e248?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/195091aa7c1a8d686cee20a0c78fd345b826886ec2fc90ae360e059a7b83e248?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/195091aa7c1a8d686cee20a0c78fd345b826886ec2fc90ae360e059a7b83e248?s=96&d=mm&r=g","caption":"Racine Olson"},"sameAs":["https:\/\/www.racinelaw.net\/attorney-profiles.html"]}]}},"yoast":{"focuskw":"","title":"Will a Trust Protect My Assets from Creditors|Racine Olson","metadesc":"Most trusts do not protect assets from a grantor\u2019s creditors. Contact us, experienced estate planning attorneys, to review your trust documents 208.232.6101","linkdex":"","metakeywords":"","meta-robots-noindex":"","meta-robots-nofollow":"","meta-robots-adv":"","canonical":"","redirect":"","opengraph-title":"","opengraph-description":"","opengraph-image":"","twitter-title":"","twitter-description":"","twitter-image":""},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.racinelaw.net\/blog\/wp-json\/wp\/v2\/posts\/4813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.racinelaw.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.racinelaw.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.racinelaw.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.racinelaw.net\/blog\/wp-json\/wp\/v2\/comments?post=4813"}],"version-history":[{"count":0,"href":"https:\/\/www.racinelaw.net\/blog\/wp-json\/wp\/v2\/posts\/4813\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.racinelaw.net\/blog\/wp-json\/wp\/v2\/media?parent=4813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinelaw.net\/blog\/wp-json\/wp\/v2\/categories?post=4813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinelaw.net\/blog\/wp-json\/wp\/v2\/tags?post=4813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}