Dealing with Trusts in a Divorce 2020 | American Bankers Association (ABA) | 2 April 2020 |
What is Qwoted?
Qwoted is a free expert network: we help reporters connect with experts & we help those same experts build relationships with top reporters.
| Event Date | Thu Apr 2 EDT (over 4 years ago) |
| Region | All |
Details
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.
• 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
Speakers
2020 Speakers
Thomas W. Abendroth
Partner, Schiff Hardin LLP
Charles D. Fox IV
Partner, McGuireWoods LLP