Trusts and Divorce with Kim Willoughby – Ep. 20
Trusts are a common tool that families can use to protect their wealth for generations to come. If a beneficiary of a trust is going through a divorce, is the spouse entitled to part of the trust’s income or assets as part of a spousal claim?
Top family law attorney Kim Willoughby joins Ryan Kalamaya and Amy Goscha on Divorce at Altitude to discuss the specifics of trusts, and if they matter in a divorce.
In This Episode:
– What is a trust?
– Difference between revocable and irrevocable trust
– How revocable and irrevocable trusts work in a divorce
– What happens with “dynasty trusts” and do those come in play in a divorce
– How do tax laws affect trusts?
– How does appreciation in a trust come to play in a divorce
– Can you exclude distributions from a beneficiary in the event of a divorce?
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About Kim Willoughby
Kim Willoughby has been practicing law in Colorado since 1994, and has earned a reputation as one of the best family law attorneys in the state. She was named one of the Top 100 Attorneys in Colorado for 2012, 2013, 2020, and 2021, and one of the Top 50 Female Attorneys in Colorado for 2006, 2011-2014, 2016-2018, 2020, and 2021 by Superlawyers. Kim has been also been selected to SuperLawyers every year for the last sixteen years (2005-2021). She was also named by 5280 Magazine as one of the Best Attorneys in Denver for 2015-2019, and 2020. In her free time, Kim enjoys spending time with her husband and two teenagers, studying Japanese history, and running her distillery, Vanjak Vodka.
What is Divorce at Altitude?
Ryan Kalamaya and Amy Goscha provide tips and recommendations on issues related to divorce, separation, and co-parenting in Colorado. Ryan and Amy are the founding partners of an innovative and ambitious law firm, Kalamaya | Goscha, that pushes the boundaries to discover new frontiers in family law, personal injuries, and criminal defense in Colorado.
To subscribe to Divorce at Altitude, click here and select your favorite podcast player. To subscribe to Kalamaya | Goscha’s YouTube channel where many of the episodes will be posted as videos, click here.
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DISCLAIMER: THE COMMENTARY AND OPINIONS ON THIS PODCAST IS FOR ENTERTAINMENT AND INFORMATIONAL PURPOSES AND NOT FOR THE PURPOSE OF PROVIDING LEGAL ADVICE. CONTACT AN ATTORNEY IN YOUR STATE OR AREA TO OBTAIN LEGAL ADVICE ON ANY OF THESE ISSUES.