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#2260273 - 09/27/21 12:31 PM Revocable Trust
52OPS Offline
100 Club
Joined: Apr 2008
Posts: 199
Two questions:

1. If the owner of an account dies in October can a revocable trust account be opened by the Trustee on the account after the primary owner died? The revocable trust was opened in November.

2. Can a Revocable Trust be levied upon by Federal Government via an IRS Levy?

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#2260274 - 09/27/21 01:18 PM Re: Revocable Trust 52OPS
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 77,568
Galveston, TX
If the person dies in October, who the heck is opening a revocable trust in November and for what purpose. Establishing a revocable trust does not typically shield assets from the IRS, but that is a question for a tax attorney.
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