[Texas Patriot]

question:
say a parent sets up a trust fund for their child as beneficiary and when they are old enough they can administer it as well. the child gets married and some time later gets divorced. Does the other spouse get half the trust fund? I mean isn't that how the wealthy protect their estates for their children.

[CORedneck]

I have been through this but assets in a trust by your parents are not considered in divorce. The assets were disclosed in the preceedings but not considered in division. This was in Colorado in 1999/2000.

question: say a parent sets up a trust fund for their child as beneficiary and when they are old enough they can administer it as well. the child gets married and some time later gets divorced. Does the other spouse get half the trust fund? I mean isn't that how the wealthy protect their estates for their children.