What Family Lawyers Must Know About Modifying “Irrevocable” Trust Provisions

Sharon L. Klein |
Wealth Planning
A group of professionals having a meeting.

When irrevocable trusts are drafted in happier times, and then times change, is it possible to reduce or even eliminate the interest of an ex-spouse or soon to be ex-spouse? Trustees potentially have access to powerful tools that might change beneficial interests. Indeed, it might be said that there is no such thing as an “irrevocable” trust. In any event, family law practitioners should counsel clients to investigate the options.

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What Family Law Practitioners Must Know About Life Insurance

Sharon L. Klein |
Wealth Planning
Wedding rings on the figure of a broken heart from a tree, hammer of a judge on a wooden background. Divorce proceedings

The coronavirus pandemic, with its tragic attendant death toll, has focused people’s attention on mortality. Now more than ever, you will want to ensure that your clients’ settlement obligations are secured with appropriate life insurance and probe its value as a marital asset. This article was published in the April 22, 2020 issue of FamilyLawyerMagazine.com.

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