Yes
and no. Since property in a living trust can be quickly and quietly
given to the beneficiaries, your creditors may not know what you owned
or find out about it until it’s already given out. Holding assets in a
revocable trust doesn't shelter them from a creditor who wins a lawsuit
against you, since he can go after the trust property just as if you
still owned it in your own name. It may not be worth the creditor's time
and effort to try to track down the property and demand that the new
owners use it to pay your debts.
On the other hand, probate can offer a kind of protection from creditors. During probate, known creditors must be notified of the death and given a chance to file claims. If they miss the deadline to file, they're out of luck forever.