Trust
While an estate is considered the separate property of the spouse uk whatsapp number list receiving it, the proceeds of a trust can be a little more complicated. If a couple established a revocable trust during their marriage and funded the trust with joint assets, the trust would be classified as part of their overall marital estate and divided in a divorce. However, if the trust was created and funded with separate property from one of the spouses, then they would be able to keep the trust as sole property.
How to divide corporate assets and property?
For married couples who have a joint interest in a business, the business may be divided. If the business was started during the marriage or both spouses contributed to the business during the marriage and those contributions increased the value of the business, both spouses are entitled to a share of the value of the business.
If one spouse founded the business before the marriage and was the sole contributor to the establishment of the business, they are generally entitled to retain sole ownership of the business. When a couple jointly owns or operates a business, they may choose to negotiate with the other spouse to purchase their interest in the business. Regardless of your business situation, it is wise to consult with a reputable property division attorney to ensure that you receive the portion of the business to which you are entitled.
