Tag: equitable distribution

Dividing CRATs and CRUTs in Divorce

January 19, 2010 | Blog, Divorce, Tax Issues

Icon for author Brian Vertz Brian Vertz

A recently-issued IRS ruling (Rev.Rul.2008-41) addressed the issue of whether a charitable remainder annuity trust (CRAT) or charitable remander unitrust (CRUT) can be divided into two equal trusts upon divorce. A charitable remainder annuity trust is a trust in which the grantor receives income in the form of an annuity payment until his or her death, after which the trust principal is donated to charity. The annuity may not be […]

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Life Insurance Proceeds: Marital Asset?

July 17, 2009 | Blog, Divorce, Marital Property

Icon for author Brian Vertz Brian Vertz

Here is an interesting issue, not yet resolved by the Pennsylvania courts: whether the proceeds of a life insurance death benefit may be counted as a marital asset. Here’s the story: Let’s say that husband and wife are separated, and one of them dies. If the grounds for divorce existed prior to the death (i.e., both spouses filed their affidavits of consent, or they were separated two years prior to the death), the divorce […]

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