Qualified Dispositions in Trust Act

Sometimes money can get in the way of marriage. So many people will avoid and ruin relationships because they are concerned with protecting assets. New as of 2017, there is a powerful new trust tool to make certain that assets will be separate property in the event of a divorce.

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Ҥ1.1 2016 PA 330, effective March 18, 2017, the Qualified Dispositions in Trust Act,

This act allows the creation of irrevocable trusts that are not to be considered as marital property if the transfer was made 30 days before the marriage, or the parties agree that the property is not marital property.”