Trust Assets and Divorce: The Latest News

Sharon L. Klein |
Wealth Planning
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This article was published in Steve Leimberg’s Estate Planning Newsletter and provides a discussion on the Ferri vs. Powell case and trusts and divorce.The Connecticut Supreme Court found that trust assets were moved out of reach of a divorcing wife through a ‘decanting process,’ but would be considered for alimony purposes.While about half the states provide statutory authority to decant, most states require that notice be given to beneficiaries.

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Financial Aspects of Prenups

Wealth Planning
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Learn how prenuptial agreements can be an important component of pre-marriage planning:Prenuptial agreements, or prenups, can be instrumental in providing an orderly process if the marriage ends.They can allow for the specific assignment of assets to particular individuals—such as the decedent’s children from a prior marriage.Individual states have different laws pertaining to the details of prenuptial agreements.

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