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Can a Trust Account be Garnished?

I am a senior citizen and my account has been garnished because of a judgment against me. Can a trust account be garnished?


If the account is for a true trust, it's not in your name and should not be reached by a garnishment order in your name. On the other hand, if the account is in your name as trustee, and names a beneficiary as part of its title (Your Name in trust for/ITF another individual), it's probably what's often called a Totten Trust, which is actually not a formal trust. Such an account is legally yours and would be reached by the garnishment. If you are concerned that your account was incorrectly garnished, contact your bank for clarification.

Published on BankingQuestions.com 10/06/10