Applicability of Exemptions in Bankruptcy to Assets held in Revocable Trusts
Posted: Tue May 17, 2011 12:32 pm
Subject to the limitation of Section 548(e)(1), I concur that the general rule is that a homestead may be claimed by debtors through a revocable trust in which they are the sole trustors and beneficiaries.
Wesley H. Avery, Esq.
Roquemore, Pringle & Moore, Inc.
6055 E. Washington Blvd., Ste. 500
Los Angeles, CA 90040-2466
wavery@rpmlaw.com
http://www.rpmlaw.com
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The Bankruptcy Law Center
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Valencia, CA 91355-4023
wavery@thebankruptcylawcenter.com
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Certified Specialist
Bankruptcy Law
State Bar of California
Board Certified
Business Bankruptcy Law
American Board of Certification
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