If Mr. Smith has a judgment entered against him, and he decides you create an irrevocable trust, the greater will be your chances of success. In California, Probate Code §15304 (the “self-settled trust rule”) provides that an irrevocable trust in which the settlor is also a beneficiary is invalid against the settlor’s creditors, at least to
Toll Free (833) 758-0785
Phone (949) 831-6611