Tuesday, May 3, 2011

Trust as a tool to protect family wealth

As discussed in this Wall Street Journal article: Protecting Family Wealth,  more and more families are turning to to trusts as an effective tool to shield family wealth and protect against claims in divorce proceedings:


  • Trusts can help shield premarital assets or inheritances from spouses.
  • Unlike a prenup, creating premarital trusts can be done without the future spouse's consent.
  • Premarital trusts may be less effective in shielding wealth acquired during marriage.
  • The safest strategy is to use both trusts and prenups

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