{"id":2043,"date":"2016-04-06T09:06:34","date_gmt":"2016-04-06T17:06:34","guid":{"rendered":"http:\/\/afadmin.ahrenstech.com\/?p=319"},"modified":"2016-03-29T16:28:26","modified_gmt":"2016-03-30T00:28:26","slug":"the-trust-protection-myth-your-revocable-trust-protects-against-lawsuits","status":"publish","type":"post","link":"https:\/\/ssslegalconsultancy.com\/the-trust-protection-myth-your-revocable-trust-protects-against-lawsuits\/","title":{"rendered":"The Trust Protection Myth: Your Revocable Trust Protects Against Lawsuits"},"content":{"rendered":"<p><a href=\"http:\/\/ssslegalconsultancy.com\/wp-content\/uploads\/2015\/11\/6a01b8d0a6271d970c01b8d16f310b970c-500pi.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-160\" src=\"http:\/\/ssslegalconsultancy.com\/wp-content\/uploads\/2015\/11\/6a01b8d0a6271d970c01b8d16f310b970c-500pi-300x214.jpg\" alt=\"6a01b8d0a6271d970c01b8d16f310b970c-500pi\" width=\"300\" height=\"214\" srcset=\"https:\/\/ssslegalconsultancy.com\/wp-content\/uploads\/2015\/11\/6a01b8d0a6271d970c01b8d16f310b970c-500pi-300x214.jpg 300w, https:\/\/ssslegalconsultancy.com\/wp-content\/uploads\/2015\/11\/6a01b8d0a6271d970c01b8d16f310b970c-500pi.jpg 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a>WARNING: Many people believe once they set up a Revocable Living Trust and transfer assets into the Trust, those assets are protected from lawsuits. This is absolutely not true.<\/p>\n<p>&nbsp;<\/p>\n<p>While Trusts commonly provide asset protection for beneficiaries &#8211; few Trusts protect assets owned by the person who created the Trust.<\/p>\n<p>&nbsp;<\/p>\n<p>No Immediate Asset Protection? Why Should You Create a Revocable Living Trust?<\/p>\n<p><!--more--><\/p>\n<p>Fully funded Revocable Trusts are dynamite tools. Here&#8217;s why:<\/p>\n<p>&nbsp;<\/p>\n<p>1. You can protect assets passing to your spouse and children. Yes, you can provide protections for loved ones that they can&#8217;t yet for themselves.<\/p>\n<p>&nbsp;<\/p>\n<p>2. Your Trust includes an incapacity plan, avoiding court interference, maintaining your control, and saving your loved ones time, money, and stress.<\/p>\n<p>&nbsp;<\/p>\n<p>3. Your Trust allows your assets to avoid probate, minimizing the time, stress, and cost of settling your final affairs.<\/p>\n<p>&nbsp;<\/p>\n<p>4. By avoiding the public probate court process, your Trust keeps all details about who is getting what a private family matter.<\/p>\n<p>&nbsp;<\/p>\n<p>What Can You Do to Protect Your Assets?<\/p>\n<p>&nbsp;<\/p>\n<p>Comprehensive estate planning has a solid foundation of insurance, including homeowners\/renters, umbrella, auto, business, life insurances, disability and the like. Business entities such as the Limited Liability Company are commonly used for asset protection and Domestic Asset Protection Trusts are sometimes used as well.<\/p>\n<p>&nbsp;<\/p>\n<p>Your Revocable Living Trust creates a powerful value and can be drafted to provide asset protection for your loved ones. To protect yourself, use insurance, business entities, and, perhaps, a Domestic Asset Protection Trust.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WARNING: Many people believe once they set up a Revocable Living Trust and transfer assets into the Trust, those assets are protected from lawsuits. This is absolutely not true. &nbsp; While Trusts commonly provide asset protection for beneficiaries &#8211; few Trusts protect assets owned by the person who created the Trust. &nbsp; No Immediate Asset [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[61,7,8,24,60],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Trust Protection Myth: Your Revocable Trust Protects Against Lawsuits - SSS Legal &amp; Consultancy Services<\/title>\n<meta name=\"description\" content=\"Many people believe once they set up a Revocable Living Trust and transfer assets into the Trust, those assets are protected from lawsuits. This is absolutely not true.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ssslegalconsultancy.com\/the-trust-protection-myth-your-revocable-trust-protects-against-lawsuits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Trust Protection Myth: Your Revocable Trust Protects Against Lawsuits - SSS Legal &amp; Consultancy Services\" \/>\n<meta property=\"og:description\" content=\"Many people believe once they set up a Revocable Living Trust and transfer assets into the Trust, those assets are protected from lawsuits. 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