Arthur Nelson Protected His Wyoming Mountain Cabin with a Trust
I let out a breath I did not realize I had been holding, my shoulders dropping an inch. “So Cornelius cannot touch it.”
“Not today,” she said, tapping her finger on the top folder. “But a clear title is still a vulnerable one. If your son-in-law is facing the kind of financial liabilities you described, a simple lawsuit or a creditor lien against your estate could tie this property up in probate court for years.”
“I built that cabin with six-by-eight cedar timbers,” I said. “Double sill plates all around, and every floor joist is sixteen inches on center. I did not build it for a Denver bank to auction off.”
Rebecca leaned back, her chair giving a small creak. “There is a specific legal mechanism that can remove the target from your back. We can transfer the cabin into an irrevocable land trust.”
I looked at the yellow legal pad sitting near the corner of her desk. “An irrevocable trust.”