Protecting assets if often at the forefront of anyone going through a divorce's mind.
However, they often don't even consider assets that deemed "safe," such as those in trusts.
Some trusts are indeed protected in the event of divorce, yet others are not. It all depends on factors varying from the type of trust to the time it was created to whether it's revocable or not.
It's important for practitioners to know the difference and what they can do to help clients secure these valuable assets.
In this episode, Martin Shenkman details some of the thing practitioners need to look out for and some steps they can take to secure their clients' trusts in the event of a divorce.
Watch past episodes:
Using Non-Grantor Trusts to Save Property Tax Deductions
Charitable Contribution Deduction Primer
The Basics of How to Operate an Irrevocable Trust