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What about a hypothetical situation where you have a living parent with a house, and one child (a son). The son is married. The parent dies and a TT is established with the son as trustee and appointer. A few years later the son and his wife get divorced. They have both been...

In a situation where the parents die and leave the property in a testamentary trust to an only child, and that child was married and using the income from the trust, then I believe (personally) that the asset could well form part of a matrimonial pool.

Even a testamentary trust might not solve the problem. The big issue here seems to be whether they're separated or not. If they're still a couple then odds are the trust could still form part of the asset pool. Settlement is generally based on the assets owned on the separation date...