Arthur Nelson Protected His Wyoming Mountain Cabin with a Trust
“Exactly,” she said. “The trust becomes the owner. You would no longer hold the personal deed, which means no future creditor of yours, or of your family, can place a claim against the structure.”
“But I would still live there,” I said.
“Yes,” Rebecca said, shifting her gaze to the window that looked out onto the gray gravel lot. “You would be the lifetime tenant and the beneficiary. But on paper, Arthur Nelson would own nothing that a collection agency could seize.”
“And Bula?” I asked. “If she is tied to his debts, does this keep her safe too?”
“It keeps the house out of their reach entirely,” Rebecca said. “Which means Cornelius cannot use it as collateral for his private loans. He cannot force a sale to cover whatever gap he has in Denver.”
The thought of Cornelius back at the cabin, his hands in his pockets, made my jaw tighten. “He was talking about joint tenancy last night. He made it sound like a family obligation.”
