Legal Question in Family Law in Florida
Sheltering assets in Irrevocable trust
Have been married 15 yrs with two children. Husband had/still has a good business when we married. He had this irrevocable trust when we married.
Since marrying, he has continued to put all real estate assets, stocks and 401k assets in this trust in which he is the sole trustee, I am only a beneficiary. In a divorce, how hard is it to take out or gain access to those assets placed in the trust since our mariage?
He obviously doesn't consult with me before putting them under his trust. So second question is, how can I stop him from continuing this practice?
His business is 80% of our income and the rest would be rental income from these properties.
Thank you in advance!
1 Answer from Attorneys
Re: Sheltering assets in Irrevocable trust
THis is unfortunately a common way people try to shield assets in case of a divorce. You will still be entitled to half of what was earned and purchased during the marriage. Please call an attorney to further discuss this matter as it is somewhat complex.
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