Felix: Oh, I’m awfully sorry. (Sighs.) It’s a terrible thing, isn’t it? Divorce? Gwendolen: It can be . . . if you haven’t got the right solicitor.
Neil Simon, The Odd Couple (1966)
Should an estate planner know anything about divorces? Many estate planners would prefer not to be told anything about divorce law, unless the divorce happens to be their own. However, when drawing up an estate plan, it may be important to keep divorces in mind.
This paper will attempt to outline several ways trusts may impact on a divorce.1 …