Updated Wednesday, July 23, 2014 as of 12:05 PM ET
Trust, But Verify
Wednesday, February 1, 2012
Partner Insights

The court, on appeal, held that no income could be imputed to the wife from the trust for purposes of determining alimony or child support in the divorce. Even though the trust distribution included details on both support distributions to maintain a standard of living and discretionary distributions to be determined by the trustee, the court treated the trust as a discretionary trust. Based on this and other factors, the court held that the wife did not have an income interest in the trust which she could enforce, and hence which the court could attribute to her in the divorce. The New Jersey Supreme Court affirmed.

Get access to this article and thousands more...

All Financial Planning articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.

Already Registered?

2014 Summer Reading List for Advisors

Current Issue

The July Issue is now online!


Industry Events

August 10, 2014 |

September 9, 2014 |

September 17, 2014 |

September 20, 2014 |

September 28, 2014 |

Already a subscriber? Log in here