Is a trust a marital asset?
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Is a trust a marital asset?
Generally, assets in a trust that is set up before marriage are exempt from being a marital asset\u2014as long as those funds don’t end up being commingled with the marital funds. In the case of divorce, \u201cthe nonfamily member will try to make that trust marital property,\u201d Taylor says.
Can a living trust protect assets in a divorce?
Aside from being used as an estate planning tool, trusts can be used for asset protection in divorce. If a spouse established a trust prior to the marriage, the assets placed in that trust are typically considered separate property as long as the funds are not combined with marital funds at any point.
What percentage of married couples that separate get back together?
10 per cent
What is the percentage of divorced couples getting back together?
In her study of 1,001 reunited couples from around the world, only about 6 percent said they married, divorced and remarried the same person. On a more positive note, though, 72 percent of those who reunited stayed together, particularly if their separations occurred at a young age.
