How Inheritance And Trusts Affect Property Division
During the divorce process, all property owned by the parties must be identified, valued and divided equitably. Separate property such as an inheritance may be exempt from distribution, depending on the length of time it remained separate.
In many cases, however, separate property such as an inheritance or trust established before the marriage may become mingled with property acquired during the marriage. It is important to have an attorney who understands the nuances of separate and marital property, and can use this knowledge to address inheritance and trust-related issues.
At Koiles Pratt Family Law Group, our attorneys routinely represent clients in complex property division matters. Our firm will work diligently to protect your rights in these cases.
For a case assessment at our Salem office regarding property division matters, contact Koiles Pratt Family Law Group.
Tracing The Transformation Of Property
If you receive an inheritance or are the beneficiary of a trust, it may be subject to equitable division. Our family law attorneys have extensive skill in analyzing these issues.
In some cases, it may be beneficial to set up a trust for your children before divorcing in order to protect assets and provide security to loved ones. It may also offer specific tax benefits that we can discuss with you during a divorce.
Contact A Lawyer
Contact Koiles Pratt Family Law Group online or call 978-744-7774 in Salem, Massachusetts, for a case assessment.