cskallus1
Jun 30, 2008, 10:23 AM
If your assets are held in a trust account in the bank, can that account be levied due to a judgement? Or does the Trust protect you like a corporate account does?
JudyKayTee
Jun 30, 2008, 11:10 AM
If you have a judgement against you and your funds are held in a trust , can the trust account be levied? Or does the Trust protect you like a corporate account does?
Depends on the terms of the trust, when the trust was established. If it's a trust that provides income, yes, that income is subject to garnishment.