Drjsparker
Junior Member
What is the name of your state (only U.S. law)? Texas
I am looking to create a living trust and I am in Texas. I understand the idea is to transfer all your assets and shares of ownership in business interests to the trust so that the individual achieves "personal poverty". My question is in doing this does just put me as an individual at any type of 'negative position' on any level, but specifically I'm thinking about if I go and apply for credit someplace. Thanks in advanceWhat is the name of your state (only U.S. law)?
I am looking to create a living trust and I am in Texas. I understand the idea is to transfer all your assets and shares of ownership in business interests to the trust so that the individual achieves "personal poverty". My question is in doing this does just put me as an individual at any type of 'negative position' on any level, but specifically I'm thinking about if I go and apply for credit someplace. Thanks in advanceWhat is the name of your state (only U.S. law)?