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when many people first see me about asset protection one of the questions they often ask at the beginning is can I help them create a trust to protect their assets hi my name is Jonathan Alper and Im going to ask the protection attorney located in Orlando Florida certain trusts can be effective asset protection tools but the trust as an asset protection tool is more limited than most people realize a trust can help with asset protection if the trust is irrevocable because when you put money as a trust maker into an irrevocable trust you have every vocably transfer the assets out of your name where they are subject to creditor attack to the name of a trustee for the benefit of third parties youve designated therefore once youve created and funded an irrevocable trust you no longer own the assets where they could be subject to creditor Levy after a judgment of course in doing so you have to be aware that they transfer to an irrevocable trust is a transfer that may be subject to fraudu