Will My Wife Be Entitled To My Trust Fund If We Divorce?

Question:

If I were to qualify for divorce, would my wife be entitled to the funds from my trust fund?

Answer:

I do not practice law in your state and therefore cannot provide you with specific information or procedures. However, I can offer you some insight to your situation to be discussed with a family law processional whom practices in your jurisdiction.

Each state has its own statute setting forth the factors that the court considers when dividing the property of spouses and the definition of what is marital property. If a trust is considered marital property may be dependent on factors such as the terms of the trust and what you have done with the funds.

Even if property is not marital, it may be taken into consideration as another factor that the court considers when dividing the marital assets and debts.

I cannot provide you with legal advice so please consult an attorney licensed to practice law in your jurisdiction to obtain specific advice as to the laws in your state and how they impact your potential case.

To arrange an initial consultation to discuss divorce rights for men with a Cordell & Cordell attorney, Contact Cordell & Cordell.