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.

Discussion Highlights:

  • 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

Presented By:
Thomas W. Abendroth, Partner, Schiff Hardin LLP

Charles “Skip” D. Fox IV, Partner, McGuireWoods LLP

  • Advisory Services
  • Legal
    • ABA
    • Trust Accounts
RESOURCES
  • Dealing with Trusts in a Divorce.pdf
    Attendees Only
VIDEO REPLAYS

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