06 August, 2020

Quora Answer: Is a Blind Trust an Asset That Can be Claimed in a Legal Suit?

The following is my answer to a Quora question: “Is a blind trust an asset that can be claimed in a legal suit?

 Unless you have reason to sue a trust directly, a blind trust is an irrevocable trust.  This means that the settlor is distinct from the trust.  The assets of the trust are protected from claims against the settlor.  This includes claims from creditors, and from a former spouse in a matrimonial dispute.



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