Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
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Does a Credit Shelter Trust (AKA "Bypass Trust"), need liability insurance if it only owns publicly traded securities (like Vanguard Funds and ETFs? I know of a situation where such a trust owned a home and was named on the property casualty insurance for that home. The home was sold so that insurance went away. Could the trust be sued by an outsider for something...again, it does not engage in any activity, at present, other than owning financial securities that provide income for the surviving spouse. I've never seen any discussion about the need for liability insurance for a Trust.