Assertion: irrevocable trust | /r/CapableOf | protect asset
Facets:
value: from creditors
type: TRANSITIVE-OBJECT
value: for special-needs beneficiaries
type: TRANSITIVE-OBJECT
value: from judgments
type: OTHER
value: from lawsuits
type: TRANSITIVE-OBJECT
Source sentences:
text: Irrevocable trusts also avoid probate, and are used to gain additional benefits, such as to avoid taxes, protect assets from creditors, or allow the grantor to qualify for certain public benefits (such as Medicaid).
text: This article will primarily focus on the use of an irrevocable trust to protect assets from lawsuits, judgments and creditors.
text: A properly drafted irrevocable trust can protect assets from creditors.
text: An irrevocable trust can also protect assets for special-needs beneficiaries when it's designed in such a way as to avoid disqualifying her for crucial government benefits, which can be the case if she inherits assets outright.﻿﻿