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Alternatives to a Prenuptial Agreement or Prenup

By Janet Langjahr

Fiance is in a romantic haze. Not thinking prenup.

Or thinking prenup but unwilling to broach the subject with his or her significant other.

What to do?

Well, one way to avoid having to talk with the intended spouse about this possibly unpleasant subject is to simply take unilateral premarital action.

And set up a trust.

A properly drawn – and properly funded – trust can protect a person from themself.

That includes the spouse they may choose in the event that things don’t work out (or, even if they do).

And the creditors they may become indebted to.

Although more expensive than a prenup, a trust offers certain advantages, such as privacy and autonomy.

In fact, in many situations, a trust is desirable even when there is a prenuptial agreement.

Read more in this Financial Advisor magazine article: Shielding An Estate From Unloved In-Laws.

Full post as published by Florida Divorce - Child Custody - Domestic Abuse Law on October 01, 2010 (boomark / email).