Citizens National Bank of Maryville v. Cook

SMART, Judge.

This case presents the issue of whether a conveyance of substantially all of one’s property to a revocable inter vivos trust for estate planning purposes, and without a conscious intent to defraud creditors, may be set aside as constituting a fraud against one’s creditors. Jerry D. Cook, Geraldine M. Cook and Michael Dean Cook appeal from the trial court’s judgment setting aside transfers of assets to revocable inter vivos trusts.

Judgment is affirmed.

In 1985, Jerry Cook acquired a line of credit with Gentry County Bank in the amount of $125,000.00. Jerry Cook, Geraldine Cook and…