divorce Archives - Davis Schilken, PC

Ohio Chimes In that Trust Assets are Protected from Property Division in a Divorce, Even When the Divorcing Beneficiary, as the Sole Trustee, Can Make Distributions to Himself

Sep 27, 2017

September 27, 2017 The trial court in Ohio, and the appellate court, both agreed after some well-thought out analysis, that a beneficiary’s interest in a third-party trust set up by his father was not marital property, and therefore not subject to division in that...

How a Divorcing Spouse Can be Caught by Surprise by the Impact that Gifts Made Prior to a Divorce Can Have.

Jul 5, 2017

July 5, 2017 Think twice before making gifts from one spouse to the other if there is any likelihood a divorce could follow someday. In the case of Nelson v Nelson, decided on December 16, 2016 by the District Court of Appeal of Florida Second District, the husband...

Which Life Events Require an Immediate Estate Plan Update?

Jun 22, 2017

June 22, 2017 Estate planning is the process of developing a strategy for the care and management of your estate if you become incapacitated or upon your death. One commonly known purpose of estate planning is to minimize taxes and costs, including taxes imposed on...

If You Can’t Defend, then Decant! (To Protect Assets in a Divorce)

Jun 14, 2017

June 14, 2017 I would like to thank Alexander Bove and Melissa Langa for reminding me through Leimberg Information Services, Inc. of the Ferri vs. Powell-Ferri case and the more recent update pertaining to the Massachusetts Supreme Court case (the cite for which is...

Domestic Asset Protection Trust Not Obligated to Pay Spouse’s Alimony and Child Support

Jun 6, 2017

June 6, 2017 For those who have been saying that domestic asset protection trusts (“DAPTs”) don’t work, the new Nevada Supreme Court case of Klabacka v Nelson has at least concluded that with regard to Nevada residents, Nevada asset protection trusts do work, even in...

« Older Entries

Ohio Chimes In that Trust Assets are Protected from Property Division in a Divorce, Even When the Divorcing Beneficiary, as the Sole Trustee, Can Make Distributions to Himself

How a Divorcing Spouse Can be Caught by Surprise by the Impact that Gifts Made Prior to a Divorce Can Have.

Which Life Events Require an Immediate Estate Plan Update?

If You Can’t Defend, then Decant! (To Protect Assets in a Divorce)

Domestic Asset Protection Trust Not Obligated to Pay Spouse’s Alimony and Child Support

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