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Debtor is beneficiary of a trust - how does Ch 7 trustee deal with this?
If the parents' trust is revocable, most are, then the beneficiaries have no
vested interest.
In my trust practice I have had some concerned parents change their trust to
set up a spendthrift trust for beneficiaries with debt problems, even there
the beneficiaries have no vested interest until the parent(s) dies.
Larry Webb
State Bar of California 229344
Central District California
"A Debt Relief Agency"
Larry@webbklaw. com
Law Offices of Larry Webb
484 Mobil Ste 43
Camarillo Ca 93010
P 805.987.1400
F 805.987.2866
C 805.750.2150
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If the debtor, along with siblings, is a beneficiary of his parents'
trust, and the trust holds the parents' house free and clear, and
parents are in good health, will CH 7 trustee seek to sell debtor's
future interest in the trust? How does this work?
Holly Roark
Holly@roarklawoffices.com
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Holly Roark
holly@roarklawoffices.com
www.roarklawoffices.com
Central District of California
Consumer Bankruptcy Attorney
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