Can a Trust Shield Your Assets from Your Creditors?
A “spendthrift clause,” enforceable in many states, is a provision written into an irrevocable trust document that restricts creditors of a beneficiary from reaching the trust’s property. The concept is far from new, but for over 100 years, drafting errors have been rendering such provisions moot. In 1910, Harry S. Langhorne learned this lesson the […]
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