Debtor is beneficiary of a trust - how does Ch 7 trustee deal with this?
Posted: Wed Oct 20, 2010 1:44 pm
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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