How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Jo C. Your Own Question
Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 31768
Experience:  Over 5 years in practice
12826847
Type Your Law Question Here...
Jo C. is online now

Hello, I currently have a mortgage of around 90k with approximately

Customer Question

Hello,

I currently have a mortgage of around 90k with approximately 70k of my money in the house. Am I able to put this into a trust fund for my children to stop debt collectors / courts taking this from me? If so, which would be the best option?

Thanks
Submitted: 3 years ago.
Category: Law
Expert:  Alex J. replied 3 years ago.
Hi

Thank you for your question and welcome.

My name is AJ and I will assist you.

Do you have creditors pursuing you and is bankruptcy a possibility within the next 5 years?

Kind regards

AJ
Customer: replied 3 years ago.

Not really as much bankruptcy more of proceeds of crime.


 


Thanks

Expert:  Clare replied 3 years ago.
Hi
Thank you for your question.
My name is Clare and I will do my best to help you but I need some further information first
How old are the children?
Clare