After 15 years of marriage, Shaun and Alice are divorcing and are currently preparing for a property settlement. Their main assets are a home and portfolio of shares owned jointly. Alice and her sisters are trustees and beneficiaries of a testamentary trust established under an inheritance. How does Alice's interest in the testamentary trust impact the property settlement?

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Alices interest in the testamentary trust established under an inheritance may impact the property settlement in her divorce proceedings with Shaun bu... View the full answer