Can A Trust Protect My Assets Before Being Served With Divorce Papers
Yes, but the exchange
of assets into the trust must occur prior to divorce papers being successfully served
and may only occur for assets which are owned in whole by one’s self or can be
placed into the trust in partial (i.e. business equity, percentage of stocks, gold,
cash, clothes, etc.); otherwise, assets may be reversed due to assumed
impropriety or fraudulent conveyance. For further protections, disclosing that all assets are in a trust prior to divorce will create a record of notice regarding the matter as well.