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These telephone seminars are presented by national speakers who are experts in their areas of practice often ABA Section chairs, authors of books in their areas of practice, and heads of practice groups.
Trusts are no longer a certain mechanism for preserving assets from loss in a divorce. Over time the law has changed and in many states allows a divorcing spouse to make a claim on the income or assets of a trust benefiting the other spouse. This is often a shocking realization for trust settlors and beneficiaries and can substantially complicate estate planning. The rules are not uniform and the viability and extent of a claim depends on the type of trust, the type of beneficiary interest that is held, and the value placed on that interest. This program will provide you with a practical guide to the law of division of trust assets or income in a divorce, the states where and the circumstances in which claims cause the greatest depletion of assets, and estate planning to minimize loss.
- Division of trust interests in divorce and estate planning considerations
- Types of interests in trusts what types of rights are subject to division and which are not?
- Determining when an interest becomes separate and subject to a divorcing spouse’s claim
- Understanding the intricacies of valuing a trust in a divorce what portion of appreciation is subject to division?
- Special issues in multi-generational trusts
- Multijurisdictional issues in the division of trust assets
Jeremiah W. Doyle, IV, BNY Mellon Wealth Management Boston
Missia H. Vaselaney, Taft, Stettinius & Hollister, LLP Cleveland
Once registered you will receive from the MSBA an email containing the toll-free telephone number to call on the day of the seminar. You will also receive a pdf containing the materials for the program to print. This email will be sent to you the day before the program date.