Family trusts are often designed to benefit your immediate family or other relatives in the event of your death. One scenario that we often don’t think about is what happens when a beneficiary of a family trust gets divorced. Below are a few possibilities, based on recent case law in Massachusetts. Direct Assignment to Ex-Spouses […]
People who set up trusts for children, grand¬children and other family members have a greater ability to limit the beneficiaries’ right to challenge trustees’ decisions in court, as a result of a new U.S. Tax Court decision.