Divorce and Trust Assets: Support and Property Settlement Considerations

Identifying and Discovering Trusts, Classifying Trust Assets as Marital Property, and Valuing the Beneficiary's Interest

Recording of a 90-minute CLE webinar with Q&A


Conducted on Tuesday, June 19, 2012
Recorded event now available


This CLE webinar will prepare practitioners with best practices to represent the interests of parties in discovering trusts and classifying a party’s interest in the trust as a marital asset. The panel will review valuation methods and ways to attack the trust or protect the beneficiary’s interest in the trust.

Description

Trusts present unique challenges when classifying and dividing marital assets in a divorce. Counsel must discover whether one of the parties to the marriage has an interest in a trust, the trust location, and the type of interest.

The value of the trust and history of distribution to one of the parties can be relevant in determining support and asset division. Counsel should identify the type of trust, methods for valuing the parties' interest, and ways to reach or protect the beneficiary’s assets from a family law perspective.

Listen as our panel of family law and estate law attorneys discusses different types of trusts, ways to discover the trust and classify the beneficiary’s interest in the trust as marital property, valuation of the trust, and methods for reaching or protecting the beneficiary’s assets.

Outline

  1. Types of trusts
  2. Discovering trust assets
  3. Classifying the trust interest as marital property
  4. Valuation methods
  5. Ways to reach trust assets or protect beneficiary’s assets

Benefits

The panel will review these and other key questions:

  • What type of trusts should family law practitioners be aware of and what are the best ways to discover the type of interest a party has in a trust?
  • What methods can be used to value a party's interest in a trust?
  • How can a party's interest in the trust be reached or protected for family law purposes?

Faculty

Camellia S. Saunders, Atty
Law Office of Camellia S. Saunders, Knoxville, Tenn.

Her practice includes probate, wills, family law and general civil practice. She has extensive experience as a trial attorney in family law. She has presented on issues related to division of estate assets in divorce. She writes articles for Dicta as a member of their writing committee.

Justin L. Kelsey, Partner
Kelsey & Trask, Framingham, Mass.

His practice concentrates on divorce, mediation and collaborative law, as well as guardianships and bankruptcy. He has written on trust division in family law and co-authors multiple blogs on family law and bankruptcy issues as well. He has litigated numerous divorce cases in Massachusetts where different types of trust assets were at issue.

Richard S. Chisholm, Atty
Robert E. Ward and Associates, Bethesda, Md.

He practices in the areas of estate planning, estate administration, business planning, tax controversies and tax law. He lectures on issues related to estate and gift taxation and estate planning. He is also a certified public accountant. He is a published author on tax-related topics.


Recordings

CLE On-Demand - Streaming Audio

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On-demand is the only recorded format recognized for CLE credits in DE, IN, KS, LA, MS, NC, OH, OK, SC, TN, VA, WI.

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*Only available for attorneys admitted for more than two years. For OH CLE credits, only programs recorded within the current calendar year are eligible - contact the CLE department for verification.

**NH attendees must self-determine if a program is eligible for credit and self-report their attendance.

CLE On-Demand Audio $98.50

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Recorded Event

Includes full event recording plus handouts.

Strafford is an approved provider and self-study CLE credit is available in most states.

AK, AZ, CA, CO, CT, FL, GA, HI, IA, ID, IL, KY, ME, MN, MO, MT, ND, NJ, NM, NY, OR, PA, TN, TX, UT, VT, WA, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)

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Webinar

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Program Materials

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Program Materials

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CLE Credits

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Customer Reviews

It was great that the practitioners used examples from their own practice.

Mark Dumm

Nathan, Bremer, Dumm & Myers

The program provided good information and suggestions on a topic of current interest.

Robert W. Gin

Griswold Law Offices

The brevity of the seminar and professional manner in which the webinar was marketed and followed up with my office was appreciated.
 

Martin L. Rogalski

Martin L. Rogalski

I appreciated the speakers willingness to share information about issues where there are few outside resources available.

Mary Swayze

Akerman Senterfitt

The seminar explored the subject matter from many angles and was extremely helpful in my family law practice.

Cindy Allen

Cindy Allen & Associates

or call 1-800-926-7926

Family Law Advisory Board

Gunnar J. Gitlin

Attorney

The Gitlin Law Firm

Lynne Z. Gold-Bikin

Partner

Weber Gallagher Simpson Stapleton Fires & Newby

Randall M. Kessler

Founding Partner

Kessler & Solomiany

Paula G. Kirby

Paula G. Kirby PLC

Christopher C. Melcher

Partner

Walzer & Melcher

Julia Swain

Partner

Fox Rothschild

Charles F. Vuotto, Jr.

Of Counsel

Starr, Gern, Davison & Rubin

or call 1-800-926-7926

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