QUESTION
Can creditors place a restraint on my bank account and property?
Asked on Dec 13th, 2011 on Estate Planning - New York
More details to this question:
Can creditors place a restraint on my bank account and property since I have established an Irrevocable Trust and a Living Will in NYS as well as in Virginia? My only income is Social Security.
1 ANSWER
Business Entity Formation Attorney serving Poughkeepsie, NY
Partner at
Law Offices of Lorenzo L. Angelino
2 Awards
Assuming that your bank account has your name on it, they can definitely place a restraint on it. As far as the property, which I assume is your home, they may place a lien on it, however, they really won't be able to act upon it.
Answered on Dec 15th, 2011 at 10:01 AM