Dealing with Trusts in a Divorce
September 25 2020 14:01 - 14:02 UTC
Divorce may end a couple’s marriage, but it often does not terminate the interests they may have in the irrevocable trusts created by them during their marriage—an often-overlooked issue. Learn about the important role wealth advisors and attorneys can play to make sure the couple and their attorneys address any existing trusts.
- Describe the law generally applicable to irrevocable trusts
- Summarize changing approaches of some state courts to trusts
- Review the 2017 Tax Act change in the tax treatment of an irrevocable trust with an ex-spouse as a beneficiary
- Discuss planning options in addressing irrevocable trusts
Thomas W. Abendroth, Partner, Schiff Hardin LLP
Charles “Skip” D. Fox IV, Partner, McGuireWoods LLP
- Advisory Services
Dealing with Trusts in a Divorce.pdfAttendees Only
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