By Sharon Klein, Wilmington Trust 

Does your client know that after a divorce he/she may be responsible for paying the income taxes on trust distributions made to an ex-spouse forever? 

Check out my recent podcast recorded for Family Law Magazine regarding dramatic changes in the taxation of trust income after divorce. 

https://familylawyermagazine.com/articles/podcast-new-tax-laws-for-trust-income-following-divorce/

The tax consequences of every trust created during a marriage should be factored into the divorce settlement negotiations or presented in evidence to a court.

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If you would like to discuss, please feel free to contact Sharon L. Klein, President, Family Wealth, U.S. Eastern Region, Head of Matrimonial Advisory Solutions Practice, sklein@wilmingtontrust.com, 212-415-0531