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i want to talk to you today about why not to use an irrevocable trust for asset protection unless you follow these important rules now you likely already know not to use a revocable trust for asset protection a living trust for example is for estate planning so your heirs often your spouse first and then when you both die your kids get your assets your name is bill and somebody gets a judgment against you the creditors attorney walks into the courtroom and says bill has the power to change the trust hey judge force him to use that power to change the beneficiary to me so i can give bills money to my client im the business guy and i need your help youtube will promote this video more if you click the like button below and if you could do that id really appreciate it you can also text a link of this video to those who need it and you can also click the subscribe button so that when more videos come out like this youll get notified so if you see the word revocable in a trust it prett