At the 12th annual Delaware Trust Conference, over fifty of the nation’s top trust, legal and wealth management experts provided the latest information on Delaware trusts.
Private Client associate Emily Pickering engaged in a panel discussion of how third party trusts fare when a beneficiary goes through a divorce. Is a discretionary interest marital property? Can it be considered a resource for property division or orders of support or alimony? Can a court pierce the trust to enforce a judgment of the beneficiary’s former spouse or child, or does it have other effective remedies? The answers may surprise you.