Page 186 - Judgment Enforce Course_Neat
P. 186
Judgment Enforcement – The Step-by-Step Course
15. Oh No! My JD put his home in a trust!
Sounds like a big deal, doesn’t it? It’s not. Almost all personal trusts are what is call, a
“Living Trust.”
I’ve got a whole lesson on this on the Forum— under Intermediate and Advanced Lessons
#10.
For now I’ll say that a trust is like a garage. You put
your car in the garage just like a person puts his home
and car in a trust. Are they still his? Yep. He owns
them. So, you can still attach them and seize them. I
had a whole trust turned over to me in court once. I
owned it. It was now mine. Why? Because it was an
asset of the JD’s, and the court gave that asset to me to
help satisfy the judgment.
But again, much more on this in Lesson #10 on the Forum.
* * *
Okay. Now onto the final obstacle –
Bankruptcies, and how to best deal with them.
This is another one of those chapters that you probably
won’t need to study until you run into this situation.
186 | P a g e