Premarital planning – Protecting your assets without a prenup

Description

Abstract: Protecting family assets in the event of a divorce is particularly significant for family business owners, who typically want to avoid sharing ownership with their ex-spouses or their children’s ex-spouses. A prenuptial agreement can be an effective tool for overriding marital property rights and keeping assets in the family. This article explores the benefits and drawbacks of a prenuptial agreement, and details an alternative to a prenup — a domestic asset protection trust.