Can I protect my family trust from my spouse’s remarriage? – By Kurt Beasley
The terms of the trust can provide that on your spouse’s remarriage he or she is removed as a beneficiary of the family trust. It can also provide that on a subsequent divorce or on the death of the new spouse your spouse can again be taken care of by its terms. The appropriate language would be something like the following:
1. Distribute the income and principal to my surviving spouse and children, depending on who needs it.
2. If my surviving spouse dies or remarries, stop any distributions to my surviving spouse and distribute the income and principal among my children.
3. If my spouse becomes single again, go back to my instructions in number 1 above.
About Kurt Beasley
Kurt V Beasley is the founding Partner of Waterford Law Group, PLLC and has been practicing business law and providing management consulting for over 20 years. Kurt Beasley unique approach to the art of law is based deeply in his relationships and commitment to his clients. Kurt Beasley brings previous years of banking and private accounting experience into his caring approach to his profession, which is matched by a commitment to excellence in research, preparation, and issue resolution.
Kurt Beasley has enjoyed a challenging and diverse experience history that has enabled him to obtain deep industry knowledge in the areas of corporate structure, merger & acquisition counsel, corporate and individual litigation, and capital planning. “I feel very fortunate to have started my career as a practicing CPA and banker, because from that early experience I learned the realities of what it takes to run a business…and an understanding of the challenges that business owners face in their everyday efforts.”
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