This article reprint was published in the October 2019 issue of New Jersey Business and provides an overview of protecting assets with a prenuptial agreement.
- Issues such as the legal aspects of creating a prenuptial agreement are discussed.
- Financial arrangements and child custody considerations are also covered.
- The authors offer a reminder that lack of proper pre-marital planning, particularly for business owners, can be disastrous.
A prenuptial agreement (prenup) might have negative connotations, but it can help eliminate the financial uncertainty associated with setting up a household together. The wealthier spouse may feel confident that his or her assets are secure, while the less wealthy spouse may be relieved to receive some financial support regardless of the marriage’s success. Wilmington Trust’s Sharon Klein and Madeline Marzano-Lesnevich, immediate past president of AAML, discuss this and other issues in this article reprint.
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