- 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
Showing posts with label asset protection. Show all posts
Showing posts with label asset protection. Show all posts
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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