One of the great misunderstandings is how assets in trusts are dealt with in the Family Court. Are they excluded or are they in?
Asset pools in these cases can be significant, so before you suggest a particular asset-holding structure for a client, it’s important to know what the answer is.
In this webinar, for Accountants, we look at some case examples and cover the important questions, such as:
How is property settlement determined?
What is “property” and what is a “financial resource”?
What power does the Family Court have to deal with Trusts?
What, if anything, can be done to remove a Trust from the Court’s reach?