0
What else can I help you with?
Is a trust considered a marital asset in a divorce action?
If the trust is revocable and one party is the trustee it is not a marital asset for division in a divorce proceeding
Is your trust fund marital property?
Generally no. A beneficiary's interest in a trust created by someone else would not be marital property. A grantor's interest in a trust that is revocable should be the same character as if the trust did not exist.
How do you build credibility with a client?
establish trust.
How do you establish trust from a baby rabbit?
Give it carrots!
Does a Qualified terminable interst property trust qualify for a marital deduction?
A QTIP trust (a.k.a. C trust), which is typically created at the death of the first spouse to die, grants the surviving spouse a lifetime right to the income of the trust (at least annually) while transfering the remainder interest to individual(s) of the grantor's choosing. This qualifies for the unlimited marital deduction even though the spouse does not receive outright access to the assets in the trust. Even though this IS a terminable interest (usually disqualifying the marital deduction), the QTIP will qualify for the unlimted marital deduction since the surviving spouse will be required to include, in his/her gross estate, the fair market value, at the surviving spouse's date of death, the assets of the trust. The assets are taxed later in the surviving spouse's gross estate, but they will pass to the beneficiary of the trust, chosen by the first-to-die-spouse, at the surviving spouse's death.
Would a trust lawyer provide a free consultation to discuss my legal needs and establish trust?
Yes, many trust lawyers offer free consultations to discuss your legal needs and help you establish a trust. It's a good idea to inquire about this when seeking legal assistance.
How do you establish a training or educational trust fund to be managed by a board of trustees?
Trust funds are set up by lawyers.
What if your company requires a trust model that does NOT rely on a central Certificate Authority to establish a certificate's authenticity Which trust model should you implement?
web of trust
What properties cannot be claimed for the marital deduction?
The marital deduction cannot be claimed for certain properties, such as properties held in a non-marital trust or those owned by only one spouse but not subject to community property laws. Additionally, property transferred to a spouse in a non-qualified terminable interest property (QTIP) trust may not qualify for the deduction if it doesn't meet specific requirements. Moreover, any property given to a non-citizen spouse may also be subject to limitations under the marital deduction rules.
Can I sue for my husbands trust fund during the divorce?
That is a complicated issue and the court may take a trust fund into consideration when dividing marital property depending on the state laws and the judge. You need to discuss it with the attorney who will represent you in the divorce. You should choose a skilled attorney who will know how to get the trust fund brought into the negotiations, if it is at all possible.That is a complicated issue and the court may take a trust fund into consideration when dividing marital property depending on the state laws and the judge. You need to discuss it with the attorney who will represent you in the divorce. You should choose a skilled attorney who will know how to get the trust fund brought into the negotiations, if it is at all possible.That is a complicated issue and the court may take a trust fund into consideration when dividing marital property depending on the state laws and the judge. You need to discuss it with the attorney who will represent you in the divorce. You should choose a skilled attorney who will know how to get the trust fund brought into the negotiations, if it is at all possible.That is a complicated issue and the court may take a trust fund into consideration when dividing marital property depending on the state laws and the judge. You need to discuss it with the attorney who will represent you in the divorce. You should choose a skilled attorney who will know how to get the trust fund brought into the negotiations, if it is at all possible.
What are the disadvantages of a business trust?
One of the disadvantages of a trust is that its structure is quite complex. Another disadvantage is that it can be very expensive to establish and maintain.
What is marital stability?
Marital stability refers to the ability of a marriage to endure and remain intact over time, despite challenges and difficulties that may arise. It includes aspects such as communication, trust, commitment, and mutual support between the partners. Factors like effective conflict resolution, shared values, and a strong emotional connection contribute to marital stability.
