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self-settled trusts
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Read the case. But, my debtor was not insolvent at the time of the
transfers, so I do not see how the trustee can avoid the transfers which
were 11 years ago under reverse alter ego. I guess will see what the
trustee does.
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Here is how: Briones, 626 F.3d 1032
tella
Sent: Monday, August 27, 2012 4:25 PM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] self-settled trusts
I have a debtor who created an irrevocable trust 11 years ago. Her kids are the beneficiaries of the trust. I know that there is a 10 years statute of limitations to set aside a self-settled trust. The trustee hired counsel to deal with potential assets. Can the trustee set aside the trust when it is past 10 years?
Stella
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The post was migrated from Yahoo.
I have a debtor who created an irrevocable trust 11 years ago. Her kids are the beneficiaries of the trust. I know that there is a 10 years statute of limitations to set aside a self-settled trust. The trustee hired counsel to deal with potential assets. Can the trustee set aside the trust when it is past 10 years?
Stella
The post was migrated from Yahoo.