When planning your estate, you may have heard that setting up a living trust is one of the best ways to protect your assets. While it’s true that a trust can help your family avoid probate and streamline the transfer of property after you pass away, the question remains: can a living trust actually shield your wealth from creditors? The answer is both straightforward and complicated, depending on the type of trust you create and the timing of when you set it up. Understanding these nuances can mean the difference between preserving your assets for your heirs and watching them go toward unpaid debts.
