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Password Protect Liquidating Trust Agreement

Password Protect Liquidating Trust Agreement

Aug 6th, 2022

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How to Password Protect Liquidating Trust Agreement

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In this video tutorial, the speaker discusses why irrevocable trusts should not be used for asset protection unless specific rules are followed. They highlight that revocable trusts, such as living trusts, are primarily intended for estate planning. For example, if a person named Bill faces a lawsuit, creditors can argue that he has the authority to change the trust and direct funds to them. This underscores the limitation of revocable trusts in asset protection. The speaker encourages viewers to like, share, and subscribe for more content and notes the importance of understanding the distinction between revocable and irrevocable trusts in protecting assets.

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