What Divorcing Women Need To Know About Protecting Third-Party Trusts Third party trusts – such as those created for the benefit of the husband or wife by his or her grandparents or parents – can be an area of particular contention in divorce. For example: If a divorcing woman has income from a trust established by her grandfather specifically to provide for her support, health, education, and welfare, will she have to turn over some of that income to her soon to be ex-husband?