Arthur Nelson Protected His Wyoming Mountain Cabin with a Trust
“I am giving up the deed to keep it safe,” I said.
“That is the trade-off,” she said. “The law requires a complete severance of personal ownership for the asset protection to hold up under a court’s scrutiny.”
“Is there any loophole Cornelius could find?” I asked. “He has people in Denver who do this for a living.”
“Not if the transfer is recorded before any judgments are filed against you personally,” Rebecca said, her finger tracing the edge of the paper. “An irrevocable trust is an ancient shield, Arthur. It has stood up to bigger banks than the ones in Colorado.”
I looked at the signature line on the preliminary document. The blue ink from Rebecca’s pen sat ready on the yellow legal pad. I picked up the pen, the metal casing cold against my thumb.
I signed my name on the line, the cursive looking small against the wide margin.
“The filing and preparation fees will come to five thousand dollars,” Rebecca said, her eyes meeting mine. “That includes the county recorder fees and the expedited processing.”
