- 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
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:
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