April 27, 2012
Authored by: Kathy Sherby and Stephanie Moll
Our clients are increasingly concerned about the preserving the assets their children will inherit from them in the event of divorce. The New Jersey court in Tannen v. Tannen, 416 N.J. Super. 248, 3 A. 3d 1229 (2010) wrestled with the issue of the extent to which a trust created by parents should impact the award of alimony in a divorce.
In this case, after Mark and Wendy Tannen were married, they moved into a large house that was given to Wendy by her father. Several years later,