Archive for March 17, 2017

Many people are not familiar with trust accounts, which are essentially bank accounts that are maintained by a third party on behalf of their clients. However, being familiar with these types of accounts can literally pay off, especially for those who are dealing with divorce matters in California. Trust accounts are powerful tools that can help you protect your assets during turbulent times, and this post aims to explain just how powerful of a tool a trust account can be during a divorce.

To begin, trust accounts used during family law

In the state of California, there are many enforcement methods that can be implemented by a parent, or the courts on behalf of the parent, in order to collect child support. A particularly heavy-handed approach is contempt, which can be a very expensive process to initiate and may end up with the non-paying parent in jail. With the non-paying parent behind bars, it can become even less likely for child support to be collected by the other party, which can make this a less than ideal option.

A less-explored option is