The Advantages and Challenges of Trust Planning When the Unexpected Happens. II
The impact of trusts on bankruptcy and vice versa. How the design and funding of trusts impact the protections trusts may provide for divorce and other creditor purposes.
3:10 PM - 4:00 PMWed
Neopolitan I
In addition to the impact of trusts on bankruptcy and vice versa, we will also discuss how the design and funding of trusts impact the protections trusts may provide for divorce and other creditor purposes. This will include a discussion of self-settled trusts and third-party trusts, as well as the exemptions allowed under Nevada law and other exclusions under bankruptcy law when a grantor or beneficiary of a trust files bankruptcy. We will also outline some pitfalls or exposures that Trustees and/or clients may fall into based on the asset structure and investment of trust assets.