Are my assets protected if I place them in a trust? No. This is a often cited myth that if you transfer your assets into a revocable trust, that you prepare for a state planning purposes, that they’re protected from your creditors. The law is that you, if you control the asset, which you do in a revocable trust, that a creditor could then still reach those assets. So that is not a method by which you can protect your assets. So, if you have any questions about doing that, please give me a call at (727) 847-2288.