No. While a properly structured living trust can provide privacy, and avoid the probate process (when assets are properly assigned to trust), it provides practically no protection from the dentist’s creditors. The trust’s assets will ordinarily be available to creditors.
Thus, while living trusts are an important component of the dentist’s comprehensive estate plan, trusts must be used in conjunction with asset protection measures. In some instances, the dentist might employ a domestic asset protection trust, or different type of trust, that would protect his or her assets from creditors.