Stay Updated with Investax!

Sign up for our newsletter to receive the latest tax insights and financial tips directly to your inbox.

  • ✓ Expert Analysis
  • ✓ Industry News
  • ✓ Exclusive Offers
Newsletter Signup with Name
Can a Testamentary Trust protect assets from creditor claims against beneficiaries?

Shield Assets: Testamentary Trust vs. Creditor Claims

Yes, assets within a Testamentary Trust, managed by a trustee, can provide protection against claims by third parties, such as creditors, toward the beneficiaries. The trustee holds the assets for the beneficiaries’ benefit, reducing vulnerability to such claims.