How can I protect my estate from creditors?

Protecting one’s estate from creditors can be an important part of a person’s financial planning, especially in New Hampshire. To do this, one should consider creating a will, which is a legal document that states how one’s assets will be distributed after they pass away. This document can also specify what assets should be distributed to whom, and what creditors may or may not be able to access. Additionally, creating a trust can also be an effective way to protect one’s assets from creditors. A trust is an arrangement by which a third party, called a trustee, holds property for the benefit of another person. This arrangement allows the assets to remain out of the reach of the owner’s creditors, as it is the trustee who is legally responsible for the assets. One should also consider creating a revocable living trust, which allows the owner to keep full control of their assets, and to change or revoke the trust if needed. Last but not least, it is also advisable to consult with a probate attorney who can review the specifics of one’s estate and advise them on the best way to protect their assets. This can help ensure that one’s assets are distributed according to their wishes, and that creditors will not be able to access them.

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How can I protect my estate from creditors?

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