by Prof. Robert Bloink and Prof. William H. Byrnes
Financial planning for any major life change can be an extremely delicate matter and that’s especially true when it comes to helping a client plan for a child’s upcoming marriage. Discussions about prenuptial agreements and planning for the possibility of a future divorce can be particularly disturbing for a happy young couple. It’s not uncommon for a young adult to shoot down the idea of negotiating a prenuptial agreement entirely, even in the face of overwhelming evidence showing just how common divorce is. Clients who are concerned for their child’s future financial wellbeing should understand that they have options — and be offered solutions for ensuring that their child understands both the available planning options and the rules that apply when dividing assets in a divorce.
Prenuptial Agreements: The Discussion