Is a trust a “mere expectancy” as it pertains to classification of potential property interests as marital or nonmarital? If an interest is sufficiently certain and concrete, it is marital property subject to equitable distribution between divorcing litigants. If the...
Trusts
A valuable trust can highlight the complexities of property division
The substantial worth of a trust often makes these complex legal and fiduciary arrangements highly valued during divorce. Here in Connecticut, beneficiaries may believe the trust in question is safeguarded from property division. That belief may often prove erroneous....
Trust assets are the focus In billionaire’s divorce dispute
A contentious property division dispute involving trusts and limited liability companies that own a variety of assets shows how family law can overlap with trust law, corporate law and tax law. The influence of individual state laws regarding trusts, property...
Are Trusts Subject To Property Division?
Trusts are complex fiduciary mechanisms designed to protect and preserve assets. Some people believe that assets held in a trust are protected in a divorce. However, depending on a variety of factors, those assets may still be subject to property division. Issues to...