QUESTION
Is it possible to place a brokerage account in a trust or some other vehicle to protect it from being used to collect for mortgage deficiency costs?
Asked on Nov 29th, 2011 on Trusts and Estates - Wisconsin
More details to this question:
If so, how would one be able to still conduct brokerage business in this vehicle?
1 ANSWER
Estate Planning Attorney serving Bloomfield Hills, MI
at
Strobl & Sharp, P.C.
Update Your Profile
any asset held in a REVOCABLE living trust will still be accessible to creditors. If the "Grantor" can control the asset, the creditor can claim it.
Answered on Dec 01st, 2011 at 1:25 PM