Rebecca Fleming, a partner at Turnbull, Nicholson & Sanders who practices family law, said the ruling highlighted the importance of having a well-drafted marital settlement agreement.

Once your divorce is settled, don't waste time. You've got to tie up some important loose ends or risk losing money and facing tax consequences.

Divorce: Marital settlement agreement: Mutual mistake of fact CSA No. 0556, Sept. Term 2013. Unreported. Opinion by Zarnoch, J. Filed July 29, 2014. Appeal from ...

If the spouse is serving as trustee of the ILIT, the spouse can agree to resign as part of the marital settlement agreement, which might include an agreement as to who will serve as the new ...