Working with accountants – Family trusts and separation
“Family trusts” are a common structure through which people may operate a business or hold assets.
There are various reasons why people may choose to place assets within a trust structure, but how are these structures (and other trust structures) regarded in the event of separation, divorce and family law proceedings? Do they offer any protection from a claim by an ex-spouse with respect to assets held by the trust? And what issues arise ...Continue Reading