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The Family Law and High Net Worth Teams at Burnham Law have extensive experience in the rapidly developing legal areas surrounding trusts, particularly as they apply within the context of divorce.
Property acquired during a marriage is generally considered “marital property,” meaning each spouse has an equal claim to it, but this isn’t always the case with trusts. A trust is property that is managed by a trustee on behalf of one or more named beneficiaries. A number of factors such as when the trust was created, whether it is revocable and the specifics of how the trust is funded will affect a court’s decision about how to treat assets in the trust in the event of a divorce.
If you have questions about establishing a trust or about how an existing trust will be affected by your divorce, contact Burnham Law today.
The family law attorneys at Burnham Law have decades of experience helping clients navigate both the legal and financial challenges of divorce. Contact Burnham Law today, the initial consultation is FREE.