Debtor is the trustee of his mother's irrevocable trust. He is not the
trustor, nor is he a beneficiary.
If he files Chapter 7, is there any problem for the trust assets? The trust
was created in Florida and the bk is in California.
It seems to me since he has no beneficial interest in the trust then the
assets of the trust cannot be property of his bankruptcy estate.
Just checking. Thank you for your comments.
Holly Roark
Certified Bankruptcy Specialist*
holly@roarklawoffices.com **primary email address**
www.roarklawoffices.com
Central District of California
Consumer Bankruptcy Attorney
1875 Century Park East, Suite 600
Los Angeles, CA 90067
T (310) 553-2600
F (310) 553-2601
*By State Bar of California Board of Legal Specialization
**For a quicker response, email me at
holly@roarklawoffices.com.
I only use gmail for my listservs, and am likely to miss private emails
directed to my gmail account.**
Debtor is the trustee of his mother's irrevocable trust. He is not the trustor, nor is he a beneficiary.If he files Chapter 7, is there any problem for the trust assets? The trust was created in Florida and the bk is in California.
It seems to me since he has no beneficial interest in the trust then the assets of the trust cannot be property of his bankruptcy estate.Just checking. Thank you for your comments.
Holly RoarkCertified Bankruptcy Specialist*
holly@roarklawoffices.com**primary email address**
www.roarklawoffices.com
Central District of California
Consumer Bankruptcy Attorney
1875 Century Park East, Suite 600
Los Angeles, CA 90067
T
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