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Living Trust for Individual, Who is Single, Divorced or Widow or Widower with Children Indiana Form

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Living Trust for Individual, Who is Single, Divorced or Widow or Widower with Children Indiana Form

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so in this video we're going to explore what happens when a couple who sets up a living trust gets divorced what happens to the trust and the terms and the assets that are involved all right so it's you know really common many many couples married couples are you know around America set up joint revocable living trusts and they do it for a number of reasons maybe three of those reasons include they want to arrange their legal affairs so that probate is avoided when each one of them passes away and all of the court and attorney involvement that goes with probate is awarded to they they may want to provide for each other a certain way when one spouse dies they may want want to leave assets a certain way for the other and then they also three want to provide for what happens after both spouses pass away how the assets will be dispersed who's going to be in charge of all of that so those are three of the reasons why married couples establish what we call revocable l

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