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3 ways a Trust can protect your assets while you’re still alive

Posted by Ada Davis | Jul 30, 2020 | 0 Comments

Trusts can be structured in several ways to protect your assets. For example, placing your assets in a trust puts them outside the reach of creditors or claims of liability that might be brought against you.

Trusts can also reduce your tax liability by being designed to reduce the amount of taxes you personally have to pay.

Putting your assets in a trust can also put them outside the reach of the government. Should you need governmental assistance for long-term care- perhaps  as you age or suffer a disability- placing your assets in a trust can ensure that those assets will not be depleted because of your need.

About the Author

Ada Davis

Counselor. Teacher. Advocate. Attorney Ada A. Davis is a graduate of Georgetown University Law Center. For more than fifteen years she has practiced law in the New Jersey and New York areas, including working as an associate at two big law firms in New York, NY. For the past nine years she has m...

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