Bob comes into your office and says, I owe Bank of Texas $65,000 in credit card debt.

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Bob comes into your office and says, "I owe Bank of Texas $65,000 in credit card debt. Can we put my band new vacation home in a trust to make sure it's preserved in case I'm sued?" Would this transfer protect the asset? Explain

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Introductory Statistics Exploring The World Through Data

ISBN: 9780321978271

2nd Edition

Authors: Robert Gould, Colleen Ryan

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Posted Date: Apr 01, 2024 02:14 AM

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Bob comes into your office and says, I owe Bank of Texas $65,000 in credit card debt.

Question:

Expert Answer:

No transferring the vacation home to a trust likely wouldnt protect it from creditors in this situat... View the full answer

Introductory Statistics Exploring The World Through Data

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