"ET" wrote in message
...
Kevin wrote in news:K_f8c.81882$1p.1206019@attbi_s54:

Peter Clark wrote:
On Tue, 23 Mar 2004 16:19:03 -0500, Andrew Gideon
wrote:


Cub Driver wrote:


Furthermore, AOPA has not been
injured by this suit, so they will not be able to file a
countersuit (though they could certainly support the pilots
financially if they decide to do so).

According to AOPA Pilot, they have indeed made "a substantial
contribution" to defense costs.

Yet the pilots still had to sell their aircraft?


They don't have the benefit of their lawyers doing everything for
free.


This is the very reason all of my assets are owned by a Revocable
Living Trust . Bullet proof protection of assets .



Your Revocable Living Trust protects you from NOTHING but the probate
lawyers....


Anyone who told you different LIED to you. There are lots of potential
good reasons for having that kind of trust, but protection from lawsuits
is NOT one of them.

Yes. That's what my attorney told me. A big reason for a living trust is
to hide your estate distribution plans. Trusts are private documents, wills
are public. A living trust can be sued. And if you go into a nursing
home, a living trust can be raided to pay the bills. With an irrevocable
trust and enough time, you might be able to avoid that.