Posted by doug,ky on December 29, 2000 at 09:13:45:
Get a new lawyer. First the property title is place in the trust with a trustee. The seller doesn’t have title anymore. Anything that happens to the seller - judgements, leins, etc can’t attach to the property because the seller doesn’t have title anymore. And as long as the seller doesn’t file bankruptcy immediately after placing the property in the trust, you will be okay. People place propperty in trust for asset protection.