Posted in: Divorce Family Law
The Affect of Divorce on a Family Trust in New Jersey
October 9, 2022Examining the Particular Terms of the Trust Should be the First Step on Your To-Do List when Divorce is Looming A trust exists when a property and asset holder, known as the Grantor, transfers the benefits for management by a third party, known as the Trustee. Sometimes, the Grantor and the Trustee are the same people. Those who receive the benefits of the trust are called beneficiaries. Trusts are a way to manage estate and inheritance taxes and protect the […]