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is a living tust Irrevocable ?

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hollywoodinjax Joined: 20 Jun 2011 Posts: 4 1.83 Dollars($)	Posted: Wed Jun 22, 2011 4:19 am    Post subject: is a living tust Irrevocable ? Like 0 Dislike 0 is a living tust Irrevocable ? and does a living trust Protect my property if i get sued?
hollywoodinjax Joined: 20 Jun 2011 Posts: 4 1.83 Dollars($)	Posted: Wed Jun 22, 2011 5:19 am    Post subject: Like 0 Dislike 0 Do i legally own the property in the Living Trust? am i legally forced to tell about the property in the Trust? can i not legally say, "I" do NOT own any property?
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Wed Jun 22, 2011 9:39 pm    Post subject: Like 0 Dislike 0 Hi hollywoodinjax, Living trust can be revocable or irrevocable. If the property is in a trust, then it is the trust who owns the property. The property will be safe in a trust as your creditors may not be able to come after those properties. It is your discretion whether or not you will let everyone know that the property is in trust. _________________ Procrastination is the enemy of your financial success

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