Premarital Planning and Asset Protection Trusts
Preserving and protecting assets is top of mind for many who are planning to get married, which is why it’s smart to consider a prenuptial agreement in the event the marriage fails. Prenups may not always achieve their objectives, so it is smart to also consider an Asset Protection Trust during your premarital planning.
An Asset Protection Trust eliminates the prenup requirements and is an effective way to protect assets in the event of a divorce. The financial and premarital planning experts at Key Private Bank share their opinions on a prenuptial agreement versus an Asset Protection Trust.