It is common knowledge that one in every two marriages ends in divorce, and it follows that it is becoming equally common for those with assets contemplating marriage to consider viable options available to protect assets in the event marital bliss turns sour and ends in divorce.
While discussing a prenuptial agreement in the same breath as choosing a centerpiece arrangement for the wedding reception may be awkward, prenuptial agreements serve to prevent undesirable divisions of property in divorce and death. With respect to the latter, they also play an important role in estate planning. But they are not the only tools used in such planning. Trusts, which can be drafted with myriad terms and conditions tailored to suit a variety of situations, should be considered as a valuable supplement to the prenuptial agreement.
