Nothing says, “I'm not sure our marriage will last,” like asking your new fiancé for a prenuptial agreement. This situation can be made even more touchy if the parents of the bride or groom are the ones insisting on the agreement.
Jennifer Remondino, Executive Partner and Ric Roane, Partner – Warner Norcross & Judd LLP
Wednesday, September 18, 2019
The mere word “prenup” strikes fear and anxiety into the hearts of most who hear it. When we realize we have to broach this topic, our thoughts immediately jump to the worst-case scenario - a broken engagement.
A trend from an earlier study on family foundations revealed that foundations based on a commitment to a particular region remain committed to the hometown over generations while sustaining both effective grantmaking and family involvement.
All parents have reasons for why they do or do not share their wealth with their children, and neither option is without challenges. So, how do you bring your children up the curve with regard to preparing them for living fulfilled, happy, healthy, accomplished lives in the presence of wealth?
There’s no denying that the looming transfer of wealth will be great—the largest in history. However, for all the hype and years of coverage, the Great Wealth Transfer is more like the Great Wealth Trickle.