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Pozzuolo Rodden PC, Philadelphia Estate Planning Attorneys, Announce the Release of the Article "How To Use A Trust To Protect Your Children's Inheritance From Divorce"
Date:2/22/2013

(PRWEB) February 22, 2013

The Law Firm of Pozzuolo Rodden P.C., announces the release of the article "How To Use A Trust To Protect Your Children's Inheritance From Divorce". Below is a sample of the first couple of paragraphs. If you would like to read more, please read the full article and other corporate law, or estate planning topics at http://www.pozzuolo.com/Pubs_Articles.shtml

How To Use A Trust To Protect Your Children's Inheritance From Divorce

"Parents never want to envision their children going through a divorce, yet divorce is a common statistic and every parent should be aware of how to protect their children’s inheritance in the event of divorce. Placing your child’s inheritance in a trust is an important estate planning tool that every parent should consider.

            In Pennsylvania, property acquired during a parties’ marriage is considered to be “marital property” and subject to equitable distribution. While property acquired as a gift, bequest, devise or decent is excluded from the definition of “marital property” that exclusion only applies if that property is not co-mingled with “marital property.” Therefore, if your child’s gift, bequest or devise is placed into a joint account or used and enjoyed by both your child and his/her spouse then it may be subject to equitable distribution and your child would not receive the full inheritance you intended to give them.

             A trust operates differently from a will or gift to your children, because the trust itself owns the assets you would have given to your children and your children are the beneficiaries of the trust, allowing them to receive distributions of the trust assets pursuant to
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