Shielded a Son’s Inheritance From Bankruptcy Creditors

The McCoy Law Firm, LLC protected a mother's assets from being lost because of her son's bankruptcy. Client, who was in her late 80s and with poor health, met with the McCoy Law Firm, LLC and explained that her only child, a son, was preparing to file for bankruptcy. Client wisely understood that her son's inheritance would be lost in his bankruptcy. The McCoy Law Firm, LLC created a revocable living trust for Client that avoided probate and established an inheritance trust for her son. Instead of inheriting Client's assets outright, the son would benefit from his mother's assets through a carefully drafted inheritance trust that simultaneously protected the assets from his creditors in the bankruptcy proceedings. Client was at peace knowing that her concerns about her son's bankruptcy had been alleviated.