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?
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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?
Quote:
Originally Posted by cskallus1
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.
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