If you are in the process of buying a home or have just bought a home, it is probably the largest asset that you now own. It’s time to protect it. The best way to protect your home is to put it into trust. By creating a trust (or estate plan), you can give yourself a great way to protect your assets from probate, estate taxing, and creditors. You can name your trust something other than your surname, which in itself makes it difficult for creditors to prove that the home
Can a trust protect my assets? Yes, a trust can be used to protect assets. However, the trust must have some asset protections measures incorporated into it. The asset protection measures vary amongst trust attorneys. They must be tailored to your particular situation. Don’t marry a gold digger….creating a post-nuptial agreement! In California, a gold digger is as common as a leaf on a tree. Everywhere you turn, you will see one! The gold digger can be a man or a woman.