Does Putting Assets in a Trust Protect Them Against Divorce in California?
Many spouses prioritize protecting assets in a divorce, and this is a logical goal. After all, people suffer from heightened levels of financial security after a divorce. But when certain assets are protected, it obviously means that spouses lose access to these assets. Therefore, the protection of assets can be either a benefit or a disadvantage depending on whether spouses are pursuing or holding assets. One potential strategy for protecting assets involves using trusts. But does this strategy really work in California? Assets Held in Trusts are Separate As a general rule, assets held by a trust are considered “separate” from the...
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