Can a debt be too old to collect? If a creditor takes too long to recover the debt you owe or doesn’t contact you in a set amount of time, the debt becomes what’s known as statute-barred. This means that it can no longer be recovered through court action. So if you have a debt over 10 years old, it may well be statute-barred. Lively Trust lawyers is Wildomar Probate Law
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(951) 412-2800
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trust attorney | <address><strong>Wildomar Probate Law</strong> 36330 Hidden Springs Rd suite e, Wildomar, CA 92595 (951) 412-2800</address> |
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Tax Treatment:
Property transferred into an irrevocable living trust does not contribute to the value of your estate for estate tax purposes.
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