2007-01-14 14:41:26 · 5 answers · asked by Machele A 1 in Politics & Government ➔ Law & Ethics
IN THIS CASE---A TRUST MAY BE ABLE TO BE PENETRATED AS AN ASSET----CHECK WITH A REAL ESTATE LAWYER----UNDER LEGAL AGE MAY ALSO SEAL NON-PENETRATION..................
2007-01-14 14:50:26 · answer #1 · answered by Dave F 4 · 0⤊ 0⤋
You should check with a local real estate or trust attorney. In most states, however, there is usually a procedure to allow the judgment creditor to attach or levy the assets of the judgment debtor that might be in the trust. Living trusts are usually revocable, meaning that the property generally reverts back to the original owner if the trust is revoked by the personal who established it.
2007-01-14 15:25:46 · answer #2 · answered by Carl 7 · 0⤊ 0⤋
The deed to the house must be in the name of the trust or trustee, and not you. If its just mentioned in the trust, but not actually in deed title to the trust, then it can be attached by lien. However, you have the right to first home exemption under a lien of judgment.
2007-01-14 14:49:57 · answer #3 · answered by alaskasourdoughman 3 · 0⤊ 0⤋
No medical bills are unsecured debt
2007-01-14 14:48:37 · answer #4 · answered by Hawkeye77 2 · 0⤊ 0⤋
No
2007-01-14 14:51:21 · answer #5 · answered by kissmybum 4 · 0⤊ 0⤋