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Two-Thirds of Millionaires Worry Big Inheritances Could Harm Their Kids: Survey
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Biden tax plan proposals and estate planning - Baltimore Business Journal
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The Gates, worth an estimated $130.3 billion and splitting after 27 years of marriage, apparently had no prenuptial contract a so-called prenup in place. Instead, a separation agreement aka a postnuptial agreement is guiding how their assets will be divided, according to published reports.
Most soon-to-be newlyweds likely don t envision divorce in their future and therefore may think an agreement is unnecessary. Yet if the unanticipated event happens whether soon or decades down the road trying to agree on who gets what could be challenging at best and devastating at worst. It s about the idea of protection, said certified financial planner Heather Comella, lead planner with financial wellness site Origin. Think about if you d need these assets to survive if your marriage were to fall apart.