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    cskallus1's Avatar
    cskallus1 Posts: 1, Reputation: 1
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    #1

    Jun 30, 2008, 10:23 AM
    Are funds held in a Trust protected from a levy?
    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's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Jun 30, 2008, 11:10 AM
    Quote Originally Posted by cskallus1
    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.
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