Trust or Pre-Nup?

People are marrying later in life, when they’ve established careers and amassed significant assets, or marry for a second or third time.  Pre-nuptial agreements can safeguard property and assets accumulated before a marriage, but must be carefully prepared and often lead to tensions on the eve of a joyous occasion.  Both sides must be represented by attorneys and there must be full asset disclosure.  They cannot be prepared on the eve of the wedding.  Trusts, however, created by the individual to be married or his or her parents may be another way to address the issue and ensure that separate and inherited property remains separate after a marriage.  Transferring property to a trust may accomplish the same outcome as a pre-nup with less stress.  Consider including them in your estate plan to protect your children from a spouse.

If you have any questions regarding choosing a trust or pre-nup, please contact Doris L. Martin, or visit our website.