Division of Trusts in Georgia
If you are considering divorce, it is imperative that you secure the representation of the Law Offices of David E Oles, LLC as soon as possible. Divorce is a very serious and sensitive legal matter that involves many complex and minute details, such as how trusts and other assets will be divided. As such, we strongly advise against facing the legal system alone. Make the smart choice – hire our Alpharetta divorce lawyer to represent you. With two decades of experience, you can be confident in our attorney's ability to effectively handle your case.
What Happens To My Trust After I Am Divorced?
One of the most complex facets of a divorce is the division of assets, which may include trust funds. As such, it is vital that you obtain the legal guidance and counsel of a knowledgeable and trustworthy divorce attorney throughout this process. A trust secures funds or assets for the benefit of a designated individual or organization. Essentially, this fund is created to offer the beneficiary (or beneficiaries) financial security. Most often, these funds are created for a child or grandchild of the grantor, the person the person who established the trust.
Depending upon the specific circumstances under which your trust was created, it may or may not qualify as marital property. After we take you on as a client, we will review your unique matter and establish whether or not your trust is considered marital property in your divorce. If it is, then it could potentially be subject to division.
Some factors that we will review include:
- Who created the trust
- How the trust is being funded
- When the trust was created
- What kind of trust it is
Whether or not your trust was brought into the marriage mutually or individually, this process is often very complex and should not be navigated alone. Work with our firm so that you are able to make more informed decisions every step of the way. The moment you retain our legal services, we will review your case and inform you of your rights and legal options. Additionally, we will address each of your concerns in order to help you obtain the peace of mind that you deserve.