Legal Question in Wills and Trusts in Mississippi

Living trust

can a living trust protect me better than a prenuptial agreement

Asked on 5/21/07, 12:15 pm

1 Answer from Attorneys

Albert Pettigrew Law Offices Ph 228-875-8736

Re: Living trust

Placing income producing or increasing value property into trust has tax consequences that a prenuptial agreement would not have. A trust cannot prevent a chancellor from deciding whether the other spouse made indirect contributions to the trust after the marriage. The best protection from a spouse would be an enforceable prenuptial agreement. As to judgment creditors and estate probate, a prenuptial agreement would have little value.

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Answered on 5/25/07, 9:45 am

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