Sue Moss provides insight to Barron’s on navigating irrevocable trusts during divorce.
As Barron’s examined the challenges irrevocable trusts can present during divorce, Sue Moss shared insight into the circumstances under which divorcing couples may consider “decanting” an irrevocable trust.
Sue explained that financial advisors can help clients evaluate whether an existing trust continues to meet their post-divorce goals. She noted that couples may choose to decant a trust to change beneficiaries, take advantage of more favorable state laws, or modify how trust assets are distributed between an ex-spouse and heirs.
Read the full article here: Irrevocable Trusts Can Cause Problems in Divorce. Changing Them May Be an Option (behind a paywall).
As Barron’s examined the challenges irrevocable trusts can present during divorce, Sue Moss shared insight into the circumstances under which divorcing couples may consider “decanting” an irrevocable trust.
Sue explained that financial advisors can help clients evaluate whether an existing trust continues to meet their post-divorce goals. She noted that couples may choose to decant a trust to change beneficiaries, take advantage of more favorable state laws, or modify how trust assets are distributed between an ex-spouse and heirs.
Read the full article here: Irrevocable Trusts Can Cause Problems in Divorce. Changing Them May Be an Option (behind a paywall).
Read the full Article
