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Monthly Archives: March 2010

Inheritance in Bankruptcy: Spendthrift Trust Benefits and Requirements

Inherited assets which arise during bankruptcy can present issues because they are not exempt under Colorado bankruptcy law and are subject to liquidation as part of the bankruptcy estate that is created when a bankruptcy is filed. However, there are estate-planning devices that can help to protect potential assets that may be inherited during a bankruptcy. These are called spendthrift trusts. Continue reading Inheritance in Bankruptcy: Spendthrift Trust Benefits and Requirements