Legal Question in Wills and Trusts in New York

Asset protection from divorce

What's best way (will, trust, cutodial accts, etc) to pass asset (just bank, brokerage accts in individul name) to a minor while minimize lost due to a potential divorce (short marriage bt 2-5 yrs)?


Asked on 2/21/08, 6:57 pm

1 Answer from Attorneys
Walter LeVine Walter D. LeVine, Esq.

Re: Asset protection from divorce

My suggestion is to create a living trust, making the gifts irrevocable. This will assure no one can attack the trust. A properly drawn trust will allow you to benefit as well. Contact me directly if you need more information.

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Answered on 2/22/08, 12:25 am


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