Is an in trust for CD protected from a debt collection that was incurred by the original owner after the CD was purchased?
If Sam Jones opens a CD account in the form "Sam Jones in trust for Hillary Smith", and later incurs debt in his (Sam Jones's) name, and that debt becomes delinquent, the creditor could take legal action that would reach the funds in the CD. That's because the funds belong to Sam Jones until his death, and Hillary Smith has no claim on them unless Sam dies (assuming Sam made no change to the account title before his death).
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If Sam Jones opens a CD 