Does a living trust protect my assets from creditors or lawsuits?

A revocable living trust does not protect your assets from your own creditors or lawsuits while you're alive, because you retain full control, so the law treats the assets as still yours. Creditors can reach them just as they could if you held them directly. Only irrevocable trusts, where you truly give up control, offer meaningful creditor protection, and even those have limits and look-back rules. What a revocable trust does well is avoid probate, keep your affairs private, and provide seamless management if you're incapacitated. If asset protection is your goal, a revocable trust is the wrong tool; you'd need an irrevocable structure or state-specific protections, ideally set up with an attorney well before any claim arises.