Divorce Dex.com: Trustee Process

Definition Trustee Process - a court order to a third party, such as a bank, to freeze an account or property.

Application in Divorce In some divorce actions, the parties use trustees to protect assets subject to distribution. For example, bank accounts may be frozen and put under the supervision of a trustee so that neither party can improperly remove funds from them.

In effect, the third party becomes a trustee of the asset.

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#347: In most states, children are emancipated when they reach the age of 18, but some states have extended this age to 19, 21, or 23 depending on factors such as school attendance, employment, and military service.

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